At the time of writing, Logitech International S.A. [LOGI] stock is trading at $87.60, up 1.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LOGI shares have gain 2.83% over the last week, with a monthly amount glided 2.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Logitech International S.A. [NASDAQ: LOGI] stock has seen the most recent analyst activity on May 01, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $85 from $92. Previously, Deutsche Bank downgraded its rating to Sell on April 16, 2024. On April 15, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $75 on the stock. Citigroup downgraded its rating to a Neutral and reduced its price target to $70 on June 14, 2023. UBS downgraded its rating to Sell for this stock on May 03, 2023. In a note dated May 01, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $40 to $56.
For the past year, the stock price of Logitech International S.A. fluctuated between $67.82 and $102.59. Currently, Wall Street analysts expect the stock to reach $94.29 within the next 12 months. Logitech International S.A. [NASDAQ: LOGI] shares were valued at $87.60 at the most recent close of the market. An investor can expect a potential return of 7.64% based on the average LOGI price forecast.
Analyzing the LOGI fundamentals
According to Logitech International S.A. [NASDAQ:LOGI], the company’s sales were 4.41B for trailing twelve months, which represents an 11.67% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.32 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 86.32 points at the first support level, and at 85.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.44, and for the 2nd resistance point, it is at 89.28.
Ratios To Look Out For
It is important to note that Logitech International S.A. [NASDAQ:LOGI] has a current ratio of 2.39. As well, the Quick Ratio is 1.99, while the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 3.04, the price to book ratio is 5.96 and price to earnings (TTM) ratio is 19.89.
Transactions by insiders
Recent insider trading involved BOYNTON CHARLES D, Chief Financial Officer, that happened on May 03 ’24 when 1225.0 shares were purchased. CHIEF LEGAL OFFICER, Harnett Samantha completed a deal on Apr 08 ’24 to sell 100.0 shares. Meanwhile, CHIEF LEGAL OFFICER Harnett Samantha sold 100.0 shares on Mar 11 ’24.
