Market Insight: Logitech International S.A (LOGI)’s Notable Drop, Closing at 78.62

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In the latest session, Logitech International S.A (NASDAQ: LOGI) closed at $78.62 down -5.99% from its previous closing price of $83.63. In other words, the price has decreased by -$5.99 from its previous closing price. On the day, 1.24 million shares were traded. LOGI stock price reached its highest trading level at $78.86 during the session, while it also had its lowest trading level at $77.16.

Ratios:

For a deeper understanding of Logitech International S.A’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.71. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on May 01, 2024, Downgraded its rating to Neutral and sets its target price to $85 from $92 previously.

Morgan Stanley Downgraded its Equal-Weight to Underweight on April 15, 2024, whereas the target price for the stock was revised from $85 to $75.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 24 ’24 when GECHT GUY bought 2,500 shares for $81.12 per share. The transaction valued at 202,800 led to the insider holds 18,503 shares of the business.

BOYNTON CHARLES D bought 1,225 shares of LOGI for $99,560 on May 03 ’24. The Chief Financial Officer now owns 1,225 shares after completing the transaction at $81.27 per share. On Apr 08 ’24, another insider, Harnett Samantha, who serves as the CHIEF LEGAL OFFICER of the company, sold 100 shares for $88.18 each. As a result, the insider received 8,818 and left with 11,710 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOGI now has a Market Capitalization of 12030747648 and an Enterprise Value of 10649019392. As of this moment, Logitech’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.51, and their Forward P/E ratio for the next fiscal year is 16.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.60 while its Price-to-Book (P/B) ratio in mrq is 5.65. Its current Enterprise Value per Revenue stands at 2.382 whereas that against EBITDA is 14.119.

Stock Price History:

Over the past 52 weeks, LOGI has reached a high of $102.59, while it has fallen to a 52-week low of $74.72. The 50-Day Moving Average of the stock is -8.37%, while the 200-Day Moving Average is calculated to be -11.17%.

Shares Statistics:

For the past three months, LOGI has traded an average of 531.77K shares per day and 658230 over the past ten days. A total of 153.86M shares are outstanding, with a floating share count of 130.17M. Insiders hold about 11.89% of the company’s shares, while institutions hold 65.15% stake in the company. Shares short for LOGI as of 1728950400 were 5251747 with a Short Ratio of 9.88, compared to 1726185600 on 5535256. Therefore, it implies a Short% of Shares Outstanding of 5251747 and a Short% of Float of 3.47.

Dividends & Splits

According to the company, the forward annual dividend rate for LOGI is 1.37, from 1.28 in the trailing year. Against a Trailing Annual Dividend Yield of 0.015305513The stock’s 5-year Average Dividend Yield is 1.34.

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