Lantronix Inc [LTRX] stock is trading at $2.76, down -2.47%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LTRX shares have gain 6.15% over the last week, with a monthly amount drifted -32.19%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Needham reaffirmed its Buy rating on March 12, 2024, and dropped its price target to $7. On February 09, 2024, Needham reiterated its Buy rating and revised its price target to $7 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $13 on February 14, 2022. Craig Hallum initiated its recommendation with a Buy and recommended $11 as its price target on October 12, 2021. Needham started tracking with a Buy rating for this stock on July 08, 2021, and assigned it a price target of $6.50. In a note dated February 18, 2020, ROTH Capital initiated an Buy rating and provided a target price of $6 on this stock.
Lantronix Inc [LTRX] stock has fluctuated between $2.48 and $6.95 over the past year. Currently, Wall Street analysts expect the stock to reach $6.88 within the next 12 months. Lantronix Inc [NASDAQ: LTRX] shares were valued at $2.76 at the most recent close of the market. An investor can expect a potential return of 149.28% based on the average LTRX price forecast.
Analyzing the LTRX fundamentals
Lantronix Inc [NASDAQ:LTRX] reported sales of 161.72M for the trailing twelve months, which represents a growth of 4.21%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.07 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.72 points at the first support level, and at 2.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.82, and for the 2nd resistance point, it is at 2.88.
Ratios To Look Out For
For context, Lantronix Inc’s Current Ratio is 2.61. In addition, the Quick Ratio stands at 1.78 and the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 1.35.
Transactions by insiders
Recent insider trading involved Awsare Saleel, President & CEO, that happened on Nov 13 ’24 when 80000.0 shares were purchased. Director, BRACE PHILIP G completed a deal on Nov 12 ’24 to buy 20000.0 shares. Meanwhile, 10% Owner BRUSCHA BERNHARD sold 32500.0 shares on Oct 16 ’24.
