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

NUE

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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular