Logitech International S.A. (NASDAQ:LOGI) traded at $78.84 at last check on Tuesday, April 30, made a downward move of -0.76% on its previous day’s price.
Looking at the stock we see that its previous close was $79.44. The company has a trailing 12-month PE ratio of 25.72. In terms of its 52-week price range, LOGI has a high of $96.66 and a low of $53.91. The company’s stock has lost about -11.69% over that past 30 days.
Logitech International S.A. has a market cap of $12.22 billion. With its Forward Dividend at 1.16 and a yield of 1.47%, the company’s investors could be anxious for the LOGI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.63, with the EPS growth for the year raised at $3.74 for 2024 and $3.88 for next year. These figures represent 16.10% and 3.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $959.28 million, with a low of $913 million and a high of $991 million. The median projection represents growth adding up to -0.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.25 billion, or -6.50% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LOGI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the LOGI stock currently stands at 2.41, and the most recent price level today is -5.01% off its SMA20 and -9.31% from its 50-day simple moving average. The RSI (14) is pointing at 34.80 while the volatility over the past week is 1.83% and jumps to 1.86% over the past one month. The beta value is 0.77, while the average true range (ATR) is currently pointing at 2.08.
Coming back to Logitech International S.A. (NASDAQ:LOGI), we note that the average 3-month trading volume was 433.92K. Current shares outstanding are 159.34 million.
The insiders hold 0.83% of the company’s shares while institutions hold 62.50%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -17.06% down in year-to-date price movement.
