Logitech International S.A (NASDAQ:LOGI) shares, rose in value on Friday, March 07, with the stock price up by 1.21% to the previous day’s close as strong demand from buyers drove the stock to $97.67.
Actively observing the price movement in the last trading, the stock closed the session at $96.50. The PE ratio was 22.97 over 12-month period. Referring to stock’s 52-week performance, its high was $105.65, and the low was $74.72. On the whole, LOGI has fluctuated by -2.88% over the past month.
With the market capitalization of Logitech International S.A currently standing at about $14.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.37, with its dividend yield at 1.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.58B, with a low estimate of 1B and a high estimate of 1.04B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.03B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LOGI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.87, with the price of LOGI currently trading nearly -3.38% and 3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.09, while the 7-day volatility ratio is showing 2.71% which for the 30-day chart, stands at 1.67%. Furthermore, Logitech International S.A (LOGI)’s beta value is 0.92, and its average true range (ATR) is 2.32.
A comparison of Logitech International S.A (LOGI) with its peers suggests the former has fared considerably weaker in the market. LOGI showed an intraday change of 1.21% in last session, and over the past year, it grew by 15.20%%.
Data on historical trading for Logitech International S.A (NASDAQ:LOGI) indicates that the trading volumes over the past 3 months, they’ve averaged 656.65K. According to company’s latest data on outstanding shares, there are 149.44 million shares outstanding.
Nearly 12.20% of Logitech International S.A’s shares belong to company insiders and institutional investors own 64.21% of the company’s shares. The stock has risen by 18.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LOGI stock heading into the next quarter.
