Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lantronix Inc shares valued at $49,428 were purchased by Steele Christa on Feb 16 ’24. At $4.25 per share, Steele Christa acquired 11,630 shares. The insider’s holdings grew to 11,630 shares worth approximately $36634.5 following the completion of this transaction.
Also, Awsare Saleel purchased 20,000 shares, netting a total of over 78,186 in proceeds. Following the buying of shares at $3.91 each, the insider now holds 20,000 shares.
Before that, BRACE PHILIP G had added 15,000 shares to its account. In a trade valued at $59,222, the Director bought Lantronix Inc shares for $3.95 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $85050.0.
As published in a research note from Needham on March 12, 2024, Lantronix Inc [LTRX] has been retained to a Buy and the price target has been revised to $7. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of February 14, 2022, Canaccord Genuity has initiated its “Buy” rating for LTRX. Earlier on October 12, 2021, Craig Hallum initiated its rating. Their recommendation was “a Buy” for LTRX stock.
Analyzing LTRX Stock Performance
During the last five days, there has been a drop of approximately -11.76%. Over the course of the year, Lantronix Inc shares have dropped approximately -46.25%. Shares of the company reached a 52-week high of $6.95 on 01/16/24 and a 52-week low of $3.14 on 04/04/24. A 50-day SMA is recorded $4.39, while a 200-day SMA reached $4.72. Nevertheless, trading volume fell to 0.61 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Lantronix Inc (LTRX)
According to the 24-hour chart, there is a support level at 3.06, which, if violated, would cause prices to drop to 2.96. In the upper region, resistance lies at 3.33. The next price resistance is at 3.50. RSI (Relative Strength Index) is 27.46 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 98.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Lantronix Inc subject to short interest?
Stocks of Lantronix Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.14 million shares to 0.25 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.39 million shares. A decline of -58.22% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.88 of the overall float, the days-to-cover ratio (short ratio) decline to 0.88.
