A Guide To The Risks Of Investing In Lantronix Inc (LTRX)


Lantronix Inc’s filing revealed that its 10% Owner BRUSCHA BERNHARD unloaded Company’s shares for reported $56721.0 on Feb 06. In the deal valued at $6.03 per share,9,409 shares were sold. As a result of this transaction, BRUSCHA BERNHARD now holds 5,406,471 shares worth roughly $21.19 million.

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Then, BRACE PHILIP G bought 10,000 shares, generating $53,350 in total proceeds. Upon buying the shares at $5.33, the Director now owns 12,000 shares.

Needham reiterated its Lantronix Inc [LTRX] rating to a Buy in a research note published on February 09, 2024; the price target was $7.

Price Performance Review of LTRX

On Friday, Lantronix Inc [NASDAQ:LTRX] saw its stock fall -32.53% to $3.92. Over the last five days, the stock has lost -40.33%. Lantronix Inc shares have fallen nearly -33.11% since the year began. Nevertheless, the stocks have fallen -22.07% over the past one year. While a 52-week high of $6.95 was reached on 01/16/24, a 52-week low of $3.52 was recorded on 02/09/24. SMA at 50 days reached $6.03, while 200 days put it at $4.81. A total of 2.42 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For LTRX Stock

The 24-hour chart illustrates a support level at 3.52, which if violated will result in even more drops to 3.12. On the upside, there is a resistance level at 4.66. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 23.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.03%. Stochastics %K at 22.34% indicates the stock is a holding.

How much short interest is there in Lantronix Inc?

A steep rise in short interest was recorded in Lantronix Inc stocks on Jan 31, 2024, growing by 8040.0 shares to a total of 0.21 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 0.2 million shares. There was a rise of 3.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.26.

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