Currently, there are 153.86M common shares owned by the public and among those 134.83M shares have been available to trade.
The company’s stock has a 5-day price change of -3.91% and -5.25% over the past three months. LOGI shares are trading -11.65% year to date (YTD), with the 12-month market performance up to 21.43% higher. It has a 12-month low price of $67.82 and touched a high of $102.59 over the same period. LOGI has an average intraday trading volume of 488.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.38%, -4.16%, and -5.80% respectively.
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Institutional ownership of Logitech International S.A. (NASDAQ: LOGI) shares accounts for 63.62% of the company’s 153.86M shares outstanding.
It has a market capitalization of $12.85B and a beta (3y monthly) value of 0.79. The stock’s trailing 12-month PE ratio is 18.70, while the earnings-per-share (ttm) stands at $4.49. The company has a PEG of 2.16 and a Quick Ratio of 1.78 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 1.81% over the month.
Analysts forecast that Logitech International S.A. (LOGI) will achieve an EPS of 1.11 for the current quarter, 1.3 for the next quarter and 4.61 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.98 while analysts give the company a high EPS estimate of 0.98. Comparatively, EPS for the current quarter was 1.09 a year ago. Earnings per share for the fiscal year are expected to increase by 1.65%, and 5.71% over the next financial year. EPS should shrink at an annualized rate of 8.66% over the next five years, compared to 20.00% over the past 5-year period.
Looking at the support for the LOGI, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on May 01, 2024, with the firm’s price target at $92-$85. Morgan Stanley was of a view on April 15, 2024 that the stock is Underweight, while JP Morgan gave the stock Overweight rating on July 05, 2023, issuing a price target of $70. Citigroup on their part issued Neutral rating on June 14, 2023.
