Lantronix Inc (NASDAQ: LTRX)’s stock price has plunge by 0.73relation to previous closing price of 4.10. Nevertheless, the company has seen a 15.04% surge in its stock price over the last five trading sessions. zacks.com reported 2024-12-27 that LTRX announces the completion of its acquisition of NetComm, boosting 5G capabilities, expanding markets and enhancing enterprise IoT solutions globally.
Is It Worth Investing in Lantronix Inc (NASDAQ: LTRX) Right Now?
Company’s 36-month beta value is 2.02.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LTRX is 31.83M, and currently, short sellers hold a 0.94% ratio of that floaft. The average trading volume of LTRX on December 27, 2024 was 397.31K shares.
LTRX’s Market Performance
LTRX stock saw an increase of 15.04% in the past week, with a monthly gain of 44.15% and a quarterly increase of -0.72%. The volatility ratio for the week is 5.89%, and the volatility levels for the last 30 days are 6.03% for Lantronix Inc (LTRX). The simple moving average for the past 20 days is 18.09% for LTRX’s stock, with a 13.72% simple moving average for the past 200 days.
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 19.29% 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 -40.58% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares surge +38.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.71% lower at present.
During the last 5 trading sessions, LTRX rose by +12.81%, which changed the moving average for the period of 200-days by +9.76% in comparison to the 20-day moving average, which settled at $3.49. In addition, Lantronix Inc saw -29.52% 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 PRINTER HOSHI, who purchase 15,000 shares at the price of $2.90 back on Nov 26 ’24. After this action, PRINTER HOSHI now owns 176,075 shares of Lantronix Inc, valued at $43,500 using the latest closing price.
PRINTER HOSHI, the Director of Lantronix Inc, purchase 350 shares at $2.85 during a trade that took place back on Nov 27 ’24, which means that PRINTER HOSHI is holding 176,425 shares at $998 based on the most recent closing price.
Stock Fundamentals for LTRX
Current profitability levels for the company are sitting at:
- -0.02 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 -6.58, with -3.54 for asset returns.
Based on Lantronix Inc (LTRX), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.89. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -3.65.
Currently, EBITDA for the company is 4.62 million with net debt to EBITDA at -0.24. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 4.82for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.61.
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.
