KD Logo

Understanding the Risks of Investing in Lantronix Inc (LTRX)

Lantronix Inc’s filing revealed that its Director Steele Christa acquired Company’s shares for reported $49428.0 on Feb 16 ’24. In the deal valued at $4.25 per share,11,630 shares were bought. As a result of this transaction, Steele Christa now holds 11,630 shares worth roughly $43728.799999999996.

Then, Awsare Saleel bought 20,000 shares, generating $78,186 in total proceeds. Upon buying the shares at $3.91, the President & CEO now owns 20,000 shares.

Before that, BRACE PHILIP G bought 15,000 shares. Lantronix Inc shares valued at $59,222 were divested by the Director at a price of $3.95 per share. As a result of the transaction, BRACE PHILIP G now holds 27,000 shares, worth roughly $0.1 million.

Needham reiterated its Lantronix Inc [LTRX] rating to a Buy in a research note published on March 12, 2024; the price target was $7. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Canaccord Genuity began covering LTRX with “Buy” recommendation on February 14, 2022. Craig Hallum started covering the stock on October 12, 2021. It rated LTRX as “a Buy”.

Price Performance Review of LTRX

On Tuesday, Lantronix Inc [NASDAQ:LTRX] saw its stock jump 8.67% to $3.76. Over the last five days, the stock has gained 14.46%. Lantronix Inc shares have fallen nearly -35.84% since the year began. Nevertheless, the stocks have risen 2.17% over the past one year. While a 52-week high of $6.95 was reached on 01/16/24, a 52-week low of $3.08 was recorded on 04/19/24. SMA at 50 days reached $3.58, while 200 days put it at $4.63. A total of 0.7 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For LTRX Stock

The 24-hour chart illustrates a support level at 3.61, which if violated will result in even more drops to 3.46. On the upside, there is a resistance level at 3.98. A further resistance level may holdings at 4.20. The Relative Strength Index (RSI) on the 14-day chart is 62.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.90%. Stochastics %K at 68.18% indicates the stock is a holding.

The most recent change occurred on July 08, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $6.50 price target.

Most Popular

[the_ad id="945"]