Logitech International S.A. (LOGI): What Does Valuation Ratios Tell Us?

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BEPC Stock

Logitech International S.A. (NASDAQ:LOGI) saw an upside of 1.79% to $58.57 after adding $1.03 on Tuesday. The 5-day average trading volume is 951,735 shares of the company’s common stock. It has gained $58.79 in the past week and touched a new high 3 times within the past 5 days. An average of 927,394 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 721,665.

LOGI’s 1-month performance is -2.84% or -$3.15 on its low of $54.01 reached on 01/13/23. The company’s shares have touched a 52-week low of $41.81 and high of $83.48, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, LOGI has lost -7.57% or -$3.77 and has reached a new high 5 times. However, the current price is down -29.84% from the 52-week high price.

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Insider Transactions

LOGI stock investors last saw insider trading activity on Jan 06. Arunkundrum Prakash most recently sold 5,831 shares at $65.04 per share on Jan 06. This transaction cost the insider $379,270. Director, AEBISCHER PATRICK, sold 10,000 shares at a price of $61.36 on Jun 01. Then, on Mar 21, General Counsel Harnett Samantha sold 1,320 shares at a price of $74.24 per share. This transaction amounted to $97,997.

Valuation Metrics

LOGI stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.92 while the price-to-book (PB) in the most recent quarter is 4.33, with the price to cash flow ratio at 23.28.

Logitech International S.A.’s quick ratio for the period ended September 29 was 1.50, with the current ratio over the same period at 2.20. In terms of profitability, the gross margin trailing 12 months is 39.60%. The trailing 12-month EBITDA margin is 16.25% while for the period ending September 29, Logitech International S.A.’s operating margin was 12.30%. The firm’s gross profit as reported stood at $2.26 billion against revenue of $5.48 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -69.89% to $82.09 million, while revenue of $100.84 million was -22.84% off the previous quarter. Analysts expected LOGI to announce $0.81 per share in earnings in its latest quarter, but it posted $0.84, representing a 3.70% surprise. EBITDA for the quarter stood at more than $152.08 million. LOGI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.48 billion, with total debt at $79.94 million. Shareholders hold equity totaling $161.66 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 23 January was 46.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 97.91%.

The stock’s 5-day moving average is $56.74, reflecting a +6.58% or $3.61 change from its current price. LOGI is currently trading -4.19% above its 20-day SMA, +15.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.66% and SMA200 by-18.03%.

Stochastic %K and %D was 23.14% and 17.93% and the average true range (ATR) pointed at 2.11. The RSI (14) points at 46.69%, while the 14-day stochastic is at 31.57% with the period’s ATR at 2.05. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -3.09 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Logitech International S.A. (NASDAQ: LOGI), Wedbush downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for LOGI stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate LOGI as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 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 $37.60 and a high of $86.13, with their median price target at $66.50. Looking at these predictions, the average price target given by analysts is for Logitech International S.A. (LOGI) stock is $64.34.

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