Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Lantronix Inc (NASDAQ: LTRX) was $4.19 for the day, down -0.95% from the previous closing price of $4.23. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 0.59 million shares were traded. LTRX stock price reached its highest trading level at $4.33 during the session, while it also had its lowest trading level at $4.14.
Ratios:
Our analysis of LTRX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.26. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 26 ’24 when PRINTER HOSHI bought 15,000 shares for $2.90 per share. The transaction valued at 43,500 led to the insider holds 176,075 shares of the business.
PRINTER HOSHI bought 350 shares of LTRX for $998 on Nov 27 ’24. The Director now owns 176,425 shares after completing the transaction at $2.85 per share. On Nov 13 ’24, another insider, Awsare Saleel, who serves as the President & CEO of the company, bought 80,000 shares for $2.66 each. As a result, the insider paid 212,960 and bolstered with 233,184 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 162750496 and an Enterprise Value of 160173680. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 0.99 whereas that against EBITDA is 25.644.
Stock Price History:
The Beta on a monthly basis for LTRX is 1.95, which has changed by -0.29966885 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, LTRX has reached a high of $6.95, while it has fallen to a 52-week low of $2.48. The 50-Day Moving Average of the stock is 21.04%, while the 200-Day Moving Average is calculated to be 14.89%.
Shares Statistics:
LTRX traded an average of 405.98K shares per day over the past three months and 343000 shares per day over the past ten days. A total of 38.47M shares are outstanding, with a floating share count of 31.83M. Insiders hold about 17.27% of the company’s shares, while institutions hold 36.37% stake in the company. Shares short for LTRX as of 1734048000 were 299244 with a Short Ratio of 0.74, compared to 1731628800 on 141760. Therefore, it implies a Short% of Shares Outstanding of 299244 and a Short% of Float of 0.9199999999999999.
