Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Logitech International SA, Apple (NASDAQ: LOGI) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Logitech International SA, Apple (NASDAQ: LOGI) stock closed at $88.16 on 3/18/24 after a large decline of -6.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 283% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LOGI is expected to continue to be a major Value Builder.
Logitech International SA, Apple has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Logitech International SA, Apple has a poor Appreciation Score of 30 but a very high Power Rating of 94, with the High Neutral Value Trend Rating the result.
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