In this paper, we consider the logistic equation with piecewise constant argument of generalized type. We analyze the stability of the trivial fixed point and the positive fixed point after reducing the equation into a nonautonomous difference equation. We also discuss the existence of bounded solutions for the reduced nonautonomous difference equation. Then we investigate the stability of the positive fixed point by means of Lyapunov's second method developed for nonautonomous difference equations. We find conditions formulated through the parameters of the model and the argument function. We also present numerical simulations to validate our findings.