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Logitech International S.A. (NASDAQ: LOGI) Inclined 2.30%, What’s Next? Don’t Be Too Excited

Logitech International S.A. (NASDAQ:LOGI) shares, rose in value on Friday, 05/13/22, with the stock price up by 2.30% to the previous day’s close as strong demand from buyers drove the stock to $59.22.

Actively observing the price movement in the last trading, the stock closed the session at $57.89, falling within a range of $58.54 and $59.86. The value of beta (5-year monthly) was 0.70 whereas the PE ratio was 15.67 over 12-month period. Referring to stock’s 52-week performance, its high was $140.17, and the low was $56.23. On the whole, LOGI has fluctuated by -15.73% over the past month.

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The company’s Forward Dividend Ratio is 0.95, with its dividend yield at 1.61%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.1, which is expected to increase to $1.81 for fiscal year $4.41 and then to about $4.78 by fiscal year 2023. Data indicates that the EPS growth is expected to be -31.30% in 2023, while the next year’s EPS growth is forecast to be 8.40%.

Analysts have estimated the company’s revenue for the quarter at $1.27 billion, with a low estimate of $1.07 billion and a high estimate of $1.38 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $5.31 billion, representing an increase of 1.20% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LOGI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LOGI currently trading nearly -8.62% and -15.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.16, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 3.67%. Furthermore, Logitech International S.A. (LOGI)’s beta value is 0.90, and its average true range (ATR) is 2.71.

A comparison of Logitech International S.A. (LOGI) with its peers suggests the former has fared considerably weaker in the market. LOGI showed an intraday change of 2.30% in last session, and over the past year, it shrunk by -43.77%%. In comparison, VOXX International Corporation (VOXX) has moved higher at 4.01% on the day and was down -52.77% over the past 12 months. On the other hand, the price of Plantronics Inc. (POLY) has fallen -0.05% on the day. The stock, however, is off 33.76% from where it was a year ago. Additionally, there is a gain of 2.26% for Microsoft Corporation (MSFT) in last trading while the stock has seen an overall depriciation of 5.23%% over the past year. The PE ratio stands at 15.67 for Logitech International S.A., and 29.32 for Plantronics Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Logitech International S.A. (NASDAQ:LOGI) indicates that the trading volumes over the past 10 days have averaged 1.56 million and over the past 3 months, they’ve averaged 1.06 million. According to company’s latest data on outstanding shares, there are 167.09 million shares outstanding.

Nearly 6.70% of Logitech International S.A.’s shares belong to company insiders and institutional investors own 32.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.19 million shares as on Dec 14, 2021, resulting in a short ratio of 12.55. According to the data, the short interest in Logitech International S.A. (LOGI) stood at 6.09% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 11.69 million. The stock has fallen by -28.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LOGI stock heading into the next quarter.

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