While Lantronix Inc has overperformed by 11.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LTRX rose by 3.50%, with highs and lows ranging from $6.95 to $3.08, whereas the simple moving average fell by -4.03% in the last 200 days.
On March 12, 2024, Needham Reiterated Lantronix Inc (NASDAQ: LTRX) to Buy. A report published by Needham on February 09, 2024, Reiterated its previous ‘Buy’ rating for LTRX. Canaccord Genuity also rated LTRX shares as ‘Buy’, setting a target price of $13 on the company’s shares in an initiating report dated February 14, 2022. Craig Hallum Initiated an Buy rating on October 12, 2021, and assigned a price target of $11. Needham initiated its ‘Buy’ rating for LTRX, as published in its report on July 08, 2021. ROTH Capital’s report from February 18, 2020 suggests a price prediction of $6 for LTRX shares, giving the stock a ‘Buy’ rating. Lake Street also rated the stock as ‘Buy’.
Analysis of Lantronix Inc (LTRX)
Further, the quarter-over-quarter increase in sales is 40.52%, showing a positive trend in the upcoming months.
One of the most important indicators of Lantronix Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -5.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.03, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and LTRX is recording 202.75K average volume. On a monthly basis, the volatility of the stock is set at 5.55%, whereas on a weekly basis, it is put at 7.97%, with a gain of 15.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.25, showing growth from the present price of $4.14, which can serve as yet another indication of whether LTRX is worth investing in or should be passed over.
How Do You Analyze Lantronix Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.77%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 36.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LTRX shares are owned by institutional investors to the tune of 36.46% at present.
