Lantronix Inc’s recently made public that its President & CEO Awsare Saleel acquired Company’s shares for reported $37965.0 on Feb 28 ’25. In the deal valued at $2.53 per share,15,000 shares were bought. As a result of this transaction, Awsare Saleel now holds 253,380 shares worth roughly $0.64 million.
Then, PRINTER HOSHI bought 15,000 shares, generating $43,500 in total proceeds. Upon buying the shares at $2.90, the Director now owns 176,075 shares.
Before that, PRINTER HOSHI bought 350 shares. Lantronix Inc shares valued at $998 were divested by the Director at a price of $2.85 per share. As a result of the transaction, PRINTER HOSHI now holds 176,425 shares, worth roughly $0.44 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 -1.56% to $2.52. Over the last five days, the stock has lost -11.89%. Lantronix Inc shares have fallen nearly -38.83% since the year began. Nevertheless, the stocks have fallen -37.78% over the past one year. While a 52-week high of $4.55 was reached on 01/07/25, a 52-week low of $2.48 was recorded on 03/03/25. SMA at 50 days reached $3.56, while 200 days put it at $3.65.
Levels Of Support And Resistance For LTRX Stock
The 24-hour chart illustrates a support level at 2.43, which if violated will result in even more drops to 2.34. On the upside, there is a resistance level at 2.68. A further resistance level may holdings at 2.84. The Relative Strength Index (RSI) on the 14-day chart is 26.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.77%. Stochastics %K at 3.75% indicates the stock is a buying.
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.
