Why Logitech International SA (USA)’s (LOGI) Stock Is Down 4.44%

By Jenna Brashear
July 10, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Logitech International SA (USA) before investing.

In this article, we go over a few key elements for understanding Logitech International SA (USA)’s stock price such as:

  • Logitech International SA (USA)’s current stock price and volume
  • Why Logitech International SA (USA)’s stock price changed recently
  • Upgrades and downgrades for LOGI from analysts
  • LOGI’s stock price momentum as measured by its relative strength

About Logitech International SA (USA) (LOGI)

Before we jump into Logitech International SA (USA)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Logitech International S.A. is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors. The Company's retail network across the world includes consumer electronics distributors, retailers, mass merchandisers, specialty electronics stores, computer and telecommunications stores, value-added resellers and online merchants. Its music solutions are focused primarily on mobile speakers, including its UE BOOM family of mobile wireless speakers, its Jaybird wireless audio wearables for sports and active lifestyles, and its custom in-ear headphones. It offers a range of gaming gear for gamers, including mice, keyboards, headsets, gamepads and steering wheels.

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Logitech International SA (USA)’s Stock Price as of Market Close

As of July 10, 2024, 4:00 PM, CST, Logitech International SA (USA)’s stock price was $90.40.

Logitech International SA (USA) is down 4.44% from its previous closing price of $94.60.

During the last market session, Logitech International SA (USA)’s stock traded between $94.29 and $95.22. Currently, there are 154.40 million shares of Logitech International SA (USA) stock available for purchase.

Logitech International SA (USA)’s price-earnings (P/E) ratio is currently at 24.4, which is low compared to the Computer Hardware industry median of 24.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Logitech International SA (USA) Stock Price History

Logitech International SA (USA)’s (LOGI) price is currently down 6.69% so far this month.

During the month of July, Logitech International SA (USA)’s stock price has reached a high of $97.39 and a low of $89.56.

Over the last year, Logitech International SA (USA) has hit prices as high as $102.59 and as low as $59.37. Year to date, Logitech International SA (USA)’s stock is up 45.22%.

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What Caused Logitech International SA (USA) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of July 09, 2024,, no analysts have changed their rating of Logitech International SA (USA)’s stock over the last month.

Additionally, you'll want to evaluate Logitech International SA (USA)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Logitech International SA (USA)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Logitech International SA (USA)’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Logitech International SA (USA) (LOGI) by visiting AAII Stock Evaluator.

Relative Price Strength of Logitech International SA (USA)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 09, 2024, Logitech International SA (USA) has a weighted four-quarter relative price strength of 5.47%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

Want to learn more about how Logitech International SA (USA) is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Logitech International SA (USA) Stock Price: Bottom Line

As of July 10, 2024, Logitech International SA (USA)’s stock price is $90.40, which is down 4.44% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Logitech International SA (USA) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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