LogMeIn Inc. (NASDAQ:LOGM) went down by -0.06% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Software – Application giant went up by $85.36 to trade ended Thursday trading at $85.41. This is down from the $85.41 price recorded on Wednesday’s trading session. Thanks to this latest performance, LOGM is closer to the higher price 52-week target of $86.05 and further from the lowest price target of $76.00. Its performance from the start of the year has also been negative, with LOGM down by -0.44% year-to-date.
LogMeIn Inc. (LOGM) started the day trading at $85.49 and recorded an intraday high of $85.66. It also recorded an intraday low of $85.28 during Thursday’s trading session. LogMeIn Inc. is a very active stock that recorded a trading volume that is more than 8.37% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 714958, which is more than 8.37 of the total average daily trading volume of 655.13K.
LogMeIn Inc. (NASDAQ:LOGM) 2020 Performance Impressive
The increase in LOGM’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of LOGM currently stands at $86.63, which is higher than the current trading price of the stock by 1.47%. However, LOGM’s current trading price is -37.63% lower than the 52-week low price of $62.02. In terms of trading volume, LogMeIn Inc. currently experienced healthy participation during the last trading session. 714958 shares of LogMeIn Inc. were traded on the stock exchange on Thursday, which is more than 8.37% of the 655.13K average trading volume of the stock.
The performance of the stock has been positive over the past year. LOGM’s performance over the past one year has seen it surge by 14.15%, while the stock has gone down by -0.36% in the last six months. The quarterly performance of LOGM currently stands at 2.28%, and it is up by 0.35% in the last month. The only positive figure was from the weekly performance, which currently reads 0.48%. At the time of writing LOGM’s report, the company has a total market cap of $4.17B, making it one of the largest publicly-traded companies in the world.LogMeIn Inc. also has over 3936 employees all over the world.
LOGM Insider Activities
For LogMeIn Inc., insiders hold 97.30% of all company shares. The insider transactions over the past six months are up by 7.30%. During that period, insiders bought 71,121 shares in 24 transactions. In that same period, insiders sold 4,036 of their shares in 1 transactions. After these transactions, insiders at LogMeIn Inc. now hold 983.22k shares, which is over 96.26% of the total company stocks. Institutional investors currently hold a large chunk of the LOGM shares, as they control 2.02% of the company’s total stock.
LOGM Fundamental Analysis
For LogMeIn Inc., the stock’s diluted earnings per share (EPS) stands at -0.34. In the coming year, analysts expect the EPS to be 5.29. The EPS growth will up over the next five years to 2.20% after plunging by -24.00% in the previous five years. In terms of revenue, LogMeIn Inc.’s quarterly sales (YOY) is growing at 1.22, which is higher than the average annual revenue of -24.00% over the past half a decade.
The Return on Investment (ROI) on LogMeIn Inc.’s stock currently stands at -0.30%, and it has a net profit margin of -1.30%. The operating margin of the company is -0.70%, and its gross margin is 74.10%.
LOGM Analysts Prediction
Another analyst that has a Underweight rating for LOGM is Barclays, which set a price target of between $75 and $70.
Needham and Needham also believe that LogMeIn Inc.’s stock is outperforming at the moment. Three analysts, Stephens, Barclays, and KeyBanc Capital Mkts, all rate the stock as overweight.
At the moment, LogMeIn Inc.’s Total Debt to Equity ratio stands at 0.07, and they have a long-term Debt to Equity ratio of 0.07.
LOGM Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of LOGM currently stands at 0.35%, while the SMA50 is 0.40%. The biggest one is the SMA200, which is currently reading 5.95% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 54.72.
