Adversity is less terrifying than hope: Lantronix Inc. (LTRX)

Lantronix Inc. (NASDAQ: LTRX) stock jumped 3.37% on Wednesday to $5.21 against a previous-day closing price of $5.04. With 0.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.19 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $5.28 whereas the lowest price it dropped to was $4.99. The 52-week range on LTRX shows that it touched its highest point at $8.66 and its lowest point at $3.79 during that stretch. It currently has a 1-year price target of $11.88. Beta for the stock currently stands at 2.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LTRX was up-trending over the past week, with a rise of 2.76%, but this was up by 7.87% over a month. Three-month performance dropped to -31.27% while six-month performance fell -1.14%. The stock lost -29.40% in the past year, while it has lost -33.46% so far this year. A look at the trailing 12-month EPS for LTRX yields -0.14 with Next year EPS estimates of 0.66. For the next quarter, that number is 0.07. This implies an EPS growth rate of -16.50% for this year and 50.11% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -59.60%.

Float and Shares Shorts:

At present, 35.41 million LTRX shares are outstanding with a float of 26.73 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.4 million, which was 1.10% higher than short shares on Sep 14, 2022. In addition to Mr. Paul H. Pickle as the firm’s Pres, CEO & Director, Mr. Jeremy R. Whitaker serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 35.51% of LTRX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of LTRX, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 3.15% stake in LTRX, the Fidelity Strategic Advisers Small is the largest stakeholder. A total of 1,108,375 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.66% of LTRX stock, is the second-largest Mutual Fund holder. It holds 933,768 shares valued at 4.72 million. Herald Investment Trust Plc holds 2.15% of the stake in LTRX, owning 756,623 shares worth 3.82 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LTRX since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LTRX analysts setting a high price target of $13.00 and a low target of $10.00, the average target price over the next 12 months is $11.70. Based on these targets, LTRX could surge 149.52% to reach the target high and rise by 91.94% to reach the target low. Reaching the average price target will result in a growth of 124.57% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LTRX will report FY 2023 earnings on 08/23/2023. Analysts have provided yearly estimates in a range of $0.46 being high and $0.42 being low. For LTRX, this leads to a yearly average estimate of $0.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Lantronix Inc. surprised analysts by $0.03 when it reported $0.07 EPS against a consensus estimate of $0.04. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.07.

Summary of Insider Activity:

Insiders traded LTRX stock several times over the past three months with 24 Buys and 65 Sells. In these transactions, 635,180 shares were bought while 321,161 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 84 over the past year. The total number of shares bought during that period was 884,593 while 417,303 shares were sold.

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