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In the latest session, Lantronix Inc (NASDAQ: LTRX) closed at $2.82 down -27.69% from its previous closing price of $3.90. In other words, the price has decreased by -$27.69 from its previous closing price. On the day, 2.11 million shares were traded. LTRX stock price reached its highest trading level at $3.18 during the session, while it also had its lowest trading level at $2.65.
Ratios:
For a deeper understanding of Lantronix Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.61. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.26.
On March 12, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $8.50 to $7.
Needham reiterated its Buy rating for the stock on February 09, 2024, while the target price for the stock was revised from $8.50 to $7.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 16 ’24 when BRUSCHA BERNHARD sold 32,500 shares for $4.20 per share. The transaction valued at 136,624 led to the insider holds 5,166,471 shares of the business.
BRUSCHA BERNHARD sold 20,000 shares of LTRX for $81,600 on Oct 15 ’24. The 10% Owner now owns 5,198,971 shares after completing the transaction at $4.08 per share. On Sep 30 ’24, another insider, BRUSCHA BERNHARD, who serves as the 10% Owner of the company, sold 25,000 shares for $4.17 each. As a result, the insider received 104,198 and left with 5,218,971 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LTRX now has a Market Capitalization of 108355112 and an Enterprise Value of 96298680. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 0.595 whereas that against EBITDA is 15.234.
Stock Price History:
Over the past 52 weeks, LTRX has reached a high of $6.95, while it has fallen to a 52-week low of $3.08. The 50-Day Moving Average of the stock is -28.28%, while the 200-Day Moving Average is calculated to be -27.13%.
Shares Statistics:
For the past three months, LTRX has traded an average of 270.65K shares per day and 383100 over the past ten days. A total of 37.87M shares are outstanding, with a floating share count of 31.58M. Insiders hold about 17.11% of the company’s shares, while institutions hold 32.12% stake in the company. Shares short for LTRX as of 1728950400 were 170444 with a Short Ratio of 0.63, compared to 1726185600 on 254469. Therefore, it implies a Short% of Shares Outstanding of 170444 and a Short% of Float of 0.52.
