Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lantronix Inc shares valued at $212,960 were purchased by Awsare Saleel on Nov 13 ’24. At $2.66 per share, Awsare Saleel acquired 80,000 shares. The insider’s holdings grew to 233,184 shares worth approximately $0.62 million following the completion of this transaction.
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Also, BRACE PHILIP G purchased 20,000 shares, netting a total of over 52,920 in proceeds. Following the buying of shares at $2.65 each, the insider now holds 67,000 shares.
Before that, BRUSCHA BERNHARD had sold 32,500 shares from its account. In a trade valued at $136,624, the 10% Owner traded Lantronix Inc shares for $4.20 each. Upon closing the transaction, the insider’s holdings decreased to 32,500 shares, worth approximately $13.74 million.
Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid March. As of February 09, 2024, Needham has reiterated its “Buy” rating for LTRX. Earlier on February 14, 2022, Canaccord Genuity 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 -30.37%. Over the course of the year, Lantronix Inc shares have dropped approximately -54.61%. Shares of the company reached a 52-week high of $6.95 on 01/16/24 and a 52-week low of $2.48 on 11/11/24. A 50-day SMA is recorded $3.88, while a 200-day SMA reached $3.81. Nevertheless, trading volume fell to 0.83 million shares from 0.96 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 2.56, which, if violated, would cause prices to drop to 2.45. In the upper region, resistance lies at 2.74. The next price resistance is at 2.81. RSI (Relative Strength Index) is 25.00 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.96, which suggests the price will decrease in the coming days. Percent R is at 89.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
