Hello fellow traders and investors, Logitech has recently been selling off approaching earnings. They reported a beat in revenue and earnings estimates which the market will eventually price into the stock price since this is a positive catalyst. I have personally taken a large position in Logitech since I see minimal risk and a good ROI potential.
Entry: Now Take Profit: ~140$ Stop Loss: ~105$
Technicals: -RSI=Oversold -Moving averages still indicating a downtrend -Testing a support area
Fundamentals: -Description: Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, rom home, schools, healthcare, and software and apps. - Market Cap: 21.11B - Sales Last 12 Months: 5.25B - P/E: 22 - P/S: 4 - Debt/Equity: 0.00 - Sales growth Q/Q: 116.60% - EPS growth Q/Q: 3.70% - Profit Margin: 18% - Short Float: 7.68%
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