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Wednesday, September 27, 2023

Lantronix Inc. (NASDAQ: LTRX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Lantronix to Report Fiscal 2023 Fourth Quarter Results on September 7, 2023.

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Stocks Info

LTRX belongs to the Technology sector of the NASDAQ while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $3.96 and fluctuated between $4.0300 as its day high and $3.9000 as its day low. The current market capitalization of Lantronix Inc. is $142.80M. A total of 71691.0 shares were traded on the day, compared to an average of 110.20K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, LTRX has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 26,348 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 48 SELLs from insiders. Insiders purchased 639,918 shares during that period but sold 329,829.

In the most recent transaction, PRINTER HOSHI sold 75,000 shares of LTRX for 4.96 per share on Nov 18. After the transaction, the Director now owns 131,198 company shares. In a previous transaction on Nov 15, FOLINO PAUL F sold 9,000 shares at 5.41 per share. LTRX shares that Director owns now total 25,052.

Among the insiders who sold shares, Pickle Paul H disposed of 16,527 shares on Sep 19 at a per-share price of $5.16. This resulted in the President & CEO holding 637,714 shares of LTRX after the transaction. In another insider transaction, Whitaker Jeremy sold 2,479 shares at $5.16 per share on Sep 19. Company shares held by the Chief Financial Officer now total 236,494.



While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LTRX in the last 3 months, the mean price target is $9.00 with high estimates of $10.50 and low estimates of $8.00. In terms of 52-week highs and lows, LTRX has a high of $6.16 and a low of $3.52.

As of this writing, LTRX has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.05. The company reported an EPS of $0.04 in the last quarter, which was 33.30% higher than expectations of $0.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LTRX’s latest balance sheet shows that the firm has $17.22M in Cash & Short Term Investments as of fiscal 2022. There were $15.95M in debt and $35.52M in liabilities at the time. Its Book Value Per Share was $2.13, while its Total Shareholder’s Equity was $79.90M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LTRX is Buy with a score of 4.75.

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