Lantronix Inc’s filing revealed that its Director BRACE PHILIP G acquired Company’s shares for reported $71800.0 on May 03 ’24. In the deal valued at $3.59 per share,20,000 shares were bought. As a result of this transaction, BRACE PHILIP G now holds 47,000 shares worth roughly $0.18 million.
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Then, Cohenour Jason bought 21,000 shares, generating $76,264 in total proceeds. Upon buying the shares at $3.63, the Director now owns 33,909 shares.
Before that, Awsare Saleel bought 10,000 shares. Lantronix Inc shares valued at $36,602 were divested by the President & CEO at a price of $3.66 per share. As a result of the transaction, Awsare Saleel now holds 30,000 shares, worth roughly $0.11 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 fall -3.11% to $3.74. Over the last five days, the stock has lost -1.06%. Lantronix Inc shares have fallen nearly -36.18% since the year began. Nevertheless, the stocks have fallen -23.20% 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 $3.50, while 200 days put it at $4.58. A total of 0.27 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For LTRX Stock
The 24-hour chart illustrates a support level at 3.69, which if violated will result in even more drops to 3.64. On the upside, there is a resistance level at 3.82. A further resistance level may holdings at 3.90. The Relative Strength Index (RSI) on the 14-day chart is 52.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.71%. Stochastics %K at 62.86% 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.
