In a filing, Lantronix Inc revealed its President & CEO Awsare Saleel acquired Company’s shares for reported $0.21 million on Nov 13 ’24. In the deal valued at $2.66 per share,80,000 shares were bought. As a result of this transaction, Awsare Saleel now holds 233,184 shares worth roughly $0.64 million.
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Then, BRACE PHILIP G bought 20,000 shares, generating $52,920 in total proceeds. Upon buying the shares at $2.65, the Director now owns 67,000 shares.
Before that, BRUSCHA BERNHARD sold 32,500 shares. Lantronix Inc shares valued at $136,624 were divested by the 10% Owner at a price of $4.20 per share. As a result of the transaction, BRUSCHA BERNHARD now holds 5,166,471 shares, worth roughly $14.26 million.
A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering LTRX and reiterated its “Buy” recommendation on February 09, 2024. Canaccord Genuity started covering the stock on February 14, 2022. It rated LTRX as “a Buy”.
Price Performance Review of LTRX
On Monday, Lantronix Inc [NASDAQ:LTRX] saw its stock fall -2.47% to $2.76. Over the last five days, the stock has gained 6.15%. Lantronix Inc shares have fallen nearly -52.90% since the year began. Nevertheless, the stocks have fallen -45.13% over the past one year. While a 52-week high of $6.95 was reached on 01/16/24, a 52-week low of $2.48 was recorded on 11/11/24. SMA at 50 days reached $3.82, while 200 days put it at $3.76.
Levels Of Support And Resistance For LTRX Stock
The 24-hour chart illustrates a support level at 2.72, which if violated will result in even more drops to 2.68. On the upside, there is a resistance level at 2.82. A further resistance level may holdings at 2.88. The Relative Strength Index (RSI) on the 14-day chart is 29.97, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.70%. Stochastics %K at 19.78% indicates the stock is a buying.
How much short interest is there in Lantronix Inc?
A steep rise in short interest was recorded in Lantronix Inc stocks on 2024-10-31, growing by 12058.0 shares to a total of 0.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.13 million shares. There was a rise of 8.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 12, 2021 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $11 price target.
