Logitech International S.A. (NASDAQ:LOGI) shares traded higher over the last trading session, gaining 1.92% on 05/19/21. The shares fell to a low of $106.13 before closing at $109.16. Intraday shares traded counted 0.65 million, which was 26.15% higher than its 30-day average trading volume of 883.82K. LOGI’s previous close was $107.10 while the outstanding shares total 168.75M. The firm has a beta of 0.91, a 12-month trailing P/E ratio of 19.84, and a growth ratio of 0.66. The stock’s Relative Strength Index (RSI) is 51.48, with weekly volatility at 2.77% and ATR at 3.26. The LOGI stock’s 52-week price range has touched low of $53.81 and a $120.24 high.
Investors have identified the Computer Hardware company Logitech International S.A. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $18.05 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Logitech International S.A. (LOGI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.16 billion total, with 1.68 billion as their total liabilities.
LOGI were able to record 1.38 billion as free cash flow during the 07/26/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.03 billion. In cash movements, the company had a total of 1.46 billion as operating cash flow.
Potential earnings growth for Logitech International S.A. (LOGI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/26/2021 quarter of the year, Logitech International S.A. recorded a total of 1.54 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 53.82% coming in sequential stages and their sales for the 07/26/2021 quarter reducing by -8.55%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 824.66 million trying to sell their products during the last quarter, with the result yielding a gross income of 711.27 million. This allows shareholders to hold on to 168.75M with the recently reported earning now reading 1.35 cents per share. This is a figure that compared to analyst’s prediction for their 07/26/2021 (1.36 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.80 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LOGI sounds very interesting.
Is the stock of LOGI attractive?
In related news, President & CEO, Darrell Bracken sold 41,670 shares of the company’s stock in a transaction that recorded on Mar 01. The sale was performed at an average price of 107.77, for a total value of 4,490,924. As the sale deal closes, the President & CEO, Darrell Bracken now sold 41,666 shares of the company’s stock, valued at 4,401,504. Also, Director, HIRSCH DIDIER sold 2,679 shares of the company’s stock in a deal that was recorded on Jan 21. The shares were price at an average price of 102.50 per share, with a total market value of 274,598. Following this completion of acquisition, the President & CEO, Darrell Bracken now holds 41,666 shares of the company’s stock, valued at 4,102,501. In the last 6 months, insiders have changed their ownership in shares of company stock by 6.70%.
7 out of 13 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Logitech International S.A.. 0 analysts has assigned a Sell rating on the LOGI stock. The 12-month mean consensus price target for the company’s shares has been set at $125.62.