Logitech International SA, Apple (NASDAQ: LOGI). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Small positive changes in Logitech International SA, Apple (NASDAQ: LOGI) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
LOGI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Logitech International SA, Apple has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Logitech International SA, Apple has a neutral Power Rating of 44 but a poor Appreciation Score of 26, with the Negative Value Trend Rating the result.
Recent Price Action
Logitech International SA, Apple (NASDAQ: LOGI) stock closed at $91.81 on 10/21/24 after a large increase of 3.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 413% of normal. The stock has performed in line with the market over the last nine months and has risen 6.4% during the last week.
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