Logitech International S.A. (NASDAQ:LOGI) saw an upside of 0.54% to close Tuesday at $87.52 after adding $0.47 on the day. The 5-day average trading volume is 786,380 shares of the company’s common stock. It has gained $88.89 in the past week. An average of 965,200 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 776,646.
LOGI’s 1-month performance is -11.70% or -$13.67 on its low of $85.64 reached on 10/06/21. The company’s shares have touched a 52-week low of $75.12 and high of $140.17, with the stock’s rally to the 52-week high happening on 06/09/21. YTD, LOGI has lost -9.95% or -$9.67. However, the current price is down -37.56%% from the 52-week high price.
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On Jun 02, 133 days have gone by since the last insider trading activity for Logitech International S.A. (LOGI). Olmstead Nathan (Chief Financial Officer) most recently sold 1,858 shares at $130.00 per share on Jun 02. This transaction cost the insider $241,540. Chief Financial Officer, Olmstead Nathan, sold 3,549 shares at a price of $120.00 on May 27. Then, on May 20, Chief Financial Officer Olmstead Nathan sold 5,000 shares at a price of $110.51 per share. This transaction amounted to $552,550.
The company’s PE ratio for the last five years has touched a high of 40.24 and a low of 14.09. LOGI stock has a beta of 0.91. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.64 while the price-to-book (PB) in the most recent quarter is 6.21, with the price to cash flow ratio at 13.40.
Logitech International S.A. pays an annual dividend of $0.87 per share. Its dividend yield is 0.99% and the payout ratio is 13.80%. LOGI’s most recent quarterly dividend payment was made on Sep. 22, when it paid $0.9481 a share compared with prior rate of $0.8697, up 8.27% from last year’s. The company has boosted its dividend for the last 7 consecutive years with the latest dividend increase of $0.0784 reported on Friday September 10 2021. Measured over the last 3 years, the Dividend has been growing by 37.09% yearly.
It is projected that Logitech International S.A.’s next ex-dividend date will be on SA. LOGI is expected to distribute $19-Sep-2022 as its next dividend.
Logitech International S.A.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.10 meaning that LOGI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 45.00%. The trailing 12-month EBITDA margin is 23.55% while for the period ending June 29; Logitech International S.A.’s operating margin was 21.90%. The firm’s gross profit as reported stood at $2.34 billion against revenue of $5.25 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected LOGI to announce $0.88 per share in earnings in its latest quarter, but it posted $1.22, representing a 38.60% surprise. EBITDA for the quarter stood at more than $232.39 million. LOGI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.62 billion, with total debt at $35.99 million. Shareholders hold equity totaling $168.7 million
Let’s look briefly at Logitech International S.A. (LOGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 26.86% to suggest the stock is trending oversold, with historical volatility in this time period at 10.60%.
The stock’s 5-day moving average is $87.52, reflecting a +0.15% or $0.13 change from its current price. LOGI is currently trading -11.60% above its 20-day SMA, -22.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.08% and -5.85% respectively.
Stochastic %K and %D was 12.14% and 12.78% and the average true range (ATR) pointed at 2.05. The RSI (14) points at 27.65%, while the 14-day stochastic is at 12.45% with the period’s ATR at 2.20. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -2.86 on the 14-day charts.
In the most recent analyst report for Logitech International S.A. (NASDAQ: LOGI), Morgan Stanley downgraded it to an Underweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for LOGI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LOGI as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is LOGI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $80.00 and a high of $149.26, with their median price target at $120.00. Looking at these predictions, the average price target given by analysts is for Logitech International S.A. (LOGI) stock is $119.92.