Lantronix Inc. (LTRX): A Technical View


As of Wednesday close, Lantronix Inc.’s (NASDAQ:LTRX) stock was up $0.17, moving up 3.37 percent to $5.21. The average number of shares traded per day over the past five days has been 188,820 shares. 3 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 228,705, while in the previous 50 days, it was 182,996.

Since last month, LTRX stock rose 7.87%. Shares of the company fell to $3.79 on 11/09/22, the lowest level in the past month. A 52-week high of $8.66 was reached on 01/12/22 after having rallying from a 52-week low of $3.79. Since the beginning of this year, LTRX’s stock price has dropped by -33.46% or -$2.62, and marked a new high 4 times. However, the stock has declined by -39.84% since its 52-week high.

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LTRX stock investors should be aware that Lantronix Inc. (LTRX) stock had its last reported insider trading activity 6 days ago on Nov 18. PRINTER HOSHI, the Director of the company, disposed of 75,000 shares for $4.96 on Nov 18. It resulted in a $371,745 divestment by the insider. FOLINO PAUL F sold 9,000 shares at an average price of $5.41 on Nov 15. The insider now owns 25,052 shares following the transaction. On Sep 19, Vice President of Engineering Hakam Fathi sold 2,148 shares at $5.17 apiece. The transaction was valued at $11,094.

Valuation Metrics

The stock’s beta is 2.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 2.32.

Financial Health

In the three months ended June 29, Lantronix Inc.’s quick ratio stood at 1.10, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.23, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 42.70% percent. In the year ended June 29, operating margins totaled -4.10%. Based on annual data, LTRX earned $55.59 million in gross profit and brought in $129.66 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.10%. Return on equity (ROE) for the past 12 months was -6.10%.

In Lantronix Inc.’s quarter-end financial report for June 29, it reported total debt of $18.47 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LTRX’s revenue rose 12.86% to $35.95 million during the quarter, while net income inched up to $31.8 million. While analysts expected Lantronix Inc. to report $0.09 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by -11.10%. During the quarter, the company generated $0.44 million in EBITDA. The liabilities of Lantronix Inc. were 70.39 million at the end of its most recent quarter ended June 29, and its total debt was $24.23 million. The value of shareholders’ equity is $36.24 million.

Technical Picture

This quick technical analysis looks at Lantronix Inc.’s (LTRX) price momentum. With a historical volatility rate of 171.74%, the RSI 9-day stood at 58.00% on 23 November.

With respect to its five-day moving average, the current Lantronix Inc. price is up by +2.76% percent or $0.14. At present, LTRX shares trade +6.76% above its 20-day simple moving average and -0.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.96% below its SMA50 and -33.63% below its SMA200.

Stochastic coefficient K was 62.18% and Stochastic coefficient D was 59.35%, while ATR was 0.34. Given the Stochastic reading of 68.27% for the 14-day period, the RSI (14) reading has been calculated as 55.45%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at 0.19.

Analyst Ratings

Canaccord Genuity launched its rating on Lantronix Inc. (NASDAQ: LTRX) to a Buy in a note to investors on February 14, 2022. Lantronix Inc. (LTRX) has been rated Buy by analysts. According to 0 brokerage firms, LTRX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Lantronix Inc. stock as buy, with 5 recommending it as overweight.


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