During the last session, Lantronix Inc (NASDAQ:LTRX)’s traded shares were 0.33 million, with the beta value of the company hitting 2.13. At the end of the trading day, the stock’s price was $3.83, reflecting an intraday loss of -2.92% or -$0.11. The 52-week high for the LTRX share is $6.95, that puts it down -81.46 from that peak though still a striking 19.58% gain since the share price plummeted to a 52-week low of $3.08. The company’s market capitalization is $145.16M, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 256.06K shares over the past three months.
Lantronix Inc (LTRX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. LTRX has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.09.
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Lantronix Inc (NASDAQ:LTRX) trade information
Lantronix Inc (LTRX) registered a -2.92% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.92% in intraday trading to $3.83, hitting a weekly high. The stock’s 5-day price performance is -13.74%, and it has moved by 6.09% in 30 days. Based on these gigs, the overall price performance for the year is -19.03%. The short interest in Lantronix Inc (NASDAQ:LTRX) is 0.92 million shares and it means that shorts have 5.05 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 45.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $7.5 respectively. As a result, LTRX is trading at a discount of -95.82% off the target high and -56.66% off the low.
Lantronix Inc (LTRX) estimates and forecasts
Statistics show that Lantronix Inc has underperformed its competitors in share price, compared to the industry in which it operates. Lantronix Inc (LTRX) shares have gone up 6.09% during the last six months, with a year-to-date growth rate less than the industry average at 15.00% against 23.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 28.60% this quarter and then jump 25.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 36.31M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 38.56M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -44.92%. While earnings are projected to return 17.00% in 2024, the next five years will return 20.00% per annum.
LTRX Dividends
Lantronix Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lantronix Inc (NASDAQ:LTRX)’s Major holders
Lantronix Inc insiders own 18.82% of total outstanding shares while institutional holders control 36.00%, with the float percentage being 44.35%. VANGUARD GROUP INC is the largest shareholder of the company, while 98.0 institutions own stock in it. As of 2024-06-30, the company held over 1.43 million shares (or 3.8113% of all shares), a total value of $5.08 million in shares.
The next largest institutional holding, with 1.27 million shares, is of AMH EQUITY LTD’s that is approximately 3.3965% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Lantronix Inc (LTRX) shares are Vanguard Total Stock Market Index Fund and 180 Degree Capital Corp . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 942.73 shares. This amounts to just over 2.49 percent of the company’s overall shares, with a $3.61 million market value. The same data shows that the other fund manager holds slightly less at 693.29, or about 1.83% of the stock, which is worth about $2.66 million.
