Logitech International S.A (NASDAQ: LOGI) is 5.62% higher on its value in year-to-date trading and has touched a low of $74.72 and a high of $102.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LOGI stock was last observed hovering at around $87.01 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $86.98, the stock is 4.06% and 6.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing -0.04% at the moment leaves the stock -0.35% off its SMA200. LOGI registered -8.17% loss for a year compared to 6-month loss of -3.78%. The firm has a 50-day simple moving average (SMA 50) of $82.0386 and a 200-day simple moving average (SMA200) of $87.2837.
The stock witnessed a 2.46% gain in the last 1 month and extending the period to 3 months gives it a 1.47%, and is 5.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.91% over the week and 1.51% over the month.
Logitech International S.A (LOGI) has around 7300 employees, a market worth around $12.85B and $4.47B in sales. Current P/E ratio is 19.38 and Fwd P/E is 18.71. Profit margin for the company is 15.65%. Distance from 52-week low is 16.41% and -15.22% from its 52-week high. The company has generated returns on investments over the last 12 months (31.93%).
The EPS is expected to grow by 4.78% this year
727.0 institutions hold shares in Logitech International S.A (LOGI), with institutional investors hold 59.98% of the company’s shares. The shares outstanding are 151.84M, and float is at 129.74M with Short Float at 3.82%. Institutions hold 59.82% of the Float.
The top institutional shareholder in the company is ACADIAN ASSET MANAGEMENT LLC with over 6.67 million shares valued at $644.64 million. The investor’s holdings represent 4.2514 of the LOGI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.25 million shares valued at $605.59 million to account for 3.9872 of the shares outstanding. The other top investors are UBS ASSET MANAGEMENT AMERICAS INC which holds 4.79 million shares representing 3.0576 and valued at over $464.4 million, while VONTOBEL HOLDING LTD. holds 2.8081 of the shares totaling 4.4 million with a market value of $425.83 million.
Logitech International S.A (LOGI) Insider Activity
The most recent transaction is an insider sale by Harnett Samantha, the company’s CHIEF LEGAL OFFICER. SEC filings show that Harnett Samantha sold 280 shares of the company’s common stock on Nov 27 ’24 at a price of $80.09 per share for a total of $22425.0. Following the sale, the insider now owns 7648.0 shares.
Logitech International S.A disclosed in a document filed with the SEC on Oct 24 ’24 that GECHT GUY (Director) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Oct 24 ’24 and was made at $81.12 per share for $0.2 million. Following the transaction, the insider now directly holds 18503.0 shares of the LOGI stock.
Still, SEC filings show that on May 03 ’24, BOYNTON CHARLES D (Chief Financial Officer) acquired 1,225 shares at an average price of $81.27 for $99560.0. The insider now directly holds 1,225 shares of Logitech International S.A (LOGI).
