In the past week, LTRX stock has gone down by -0.51%, with a monthly gain of 11.71% and a quarterly surge of 3.99%. The volatility ratio for the week is 9.04%, and the volatility levels for the last 30 days are 6.67% for Lantronix Inc The simple moving average for the past 20 days is 3.63% for LTRX’s stock, with a -8.68% simple moving average for the past 200 days.
Is It Worth Investing in Lantronix Inc (NASDAQ: LTRX) Right Now?
Company’s 36-month beta value is 2.11.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for LTRX is 30.71M, and currently, short sellers hold a 3.01% ratio of that floaft. The average trading volume of LTRX on September 18, 2024 was 246.09K shares.
LTRX) stock’s latest price update
Lantronix Inc (NASDAQ: LTRX)’s stock price has gone decline by -8.64 in comparison to its previous close of 4.28, however, the company has experienced a -0.51% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-16 that IRVINE, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, today announced the resignation of Chief Financial Officer (CFO) Jeremy Whitaker, who has accepted the CFO role at a private company.
Analysts’ Opinion of LTRX
Many brokerage firms have already submitted their reports for LTRX stocks, with Canaccord Genuity repeating the rating for LTRX by listing it as a “Buy.” The predicted price for LTRX in the upcoming period, according to Canaccord Genuity is $7.50 based on the research report published on September 11, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see LTRX reach a price target of $7, previously predicting the price at $8.50. The rating they have provided for LTRX stocks is “Buy” according to the report published on March 12th, 2024.
Needham gave a rating of “Buy” to LTRX, setting the target price at $7 in the report published on February 09th of the current year.
LTRX Trading at 4.21% from the 50-Day Moving Average
After a stumble in the market that brought LTRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.74% of loss for the given period.
Volatility was left at 6.67%, however, over the last 30 days, the volatility rate increased by 9.04%, as shares surge +7.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.54% upper at present.
During the last 5 trading sessions, LTRX fell by -0.51%, which changed the moving average for the period of 200-days by -30.80% in comparison to the 20-day moving average, which settled at $3.79. In addition, Lantronix Inc saw -33.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LTRX starting from BRUSCHA BERNHARD, who sale 49,532 shares at the price of $4.47 back on Sep 13 ’24. After this action, BRUSCHA BERNHARD now owns 5,243,971 shares of Lantronix Inc, valued at $221,596 using the latest closing price.
BRUSCHA BERNHARD, the 10% Owner of Lantronix Inc, sale 47,903 shares at $4.12 during a trade that took place back on Sep 11 ’24, which means that BRUSCHA BERNHARD is holding 5,325,133 shares at $197,265 based on the most recent closing price.
Stock Fundamentals for LTRX
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.38 for the gross margin
The net margin for Lantronix Inc stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -5.68, with -3.14 for asset returns.
Based on Lantronix Inc (LTRX), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.15. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -2.17.
Currently, EBITDA for the company is 6.03 million with net debt to EBITDA at -1.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.95.
Conclusion
In a nutshell, Lantronix Inc (LTRX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
