NASDAQ:LTRX

Lantronix (LTRX) Stock Forecast, Price & News

$4.45

-0.13 (-2.84%)

(As of 09/29/2023 ET)

Compare

Today's Range: $4.34
▼
$4.63
50-Day Range: $3.75
▼
$5.31
52-Week Range: $3.52
▼
$5.87

Volume: 158,602 shs
Average Volume: 146,581 shs
Market Capitalization: $164.25 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.80

Lantronix MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 120.2% Upside
$9.80 Price Target
Short Interest: Healthy
0.87% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$53,300 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Computer And Technology Sector

257th out of 599 stocks

Computer & Office Equipment Industry

9th out of 11 stocks

3.5

Analyst's Opinion

Consensus Rating
Lantronix has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.80, Lantronix has a forecasted upside of 120.2% from its current price of $4.45.
Amount of Analyst Coverage
Lantronix has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.87% of the outstanding shares of Lantronix have been sold short.
Short Interest Ratio / Days to Cover
Lantronix has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lantronix has recently decreased by 1.15%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Lantronix does not currently pay a dividend.
Dividend Growth
Lantronix does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LTRX.

2.9

News and Social Media Coverage

News Sentiment
Lantronix has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Lantronix this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for LTRX on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
5 people have added Lantronix to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lantronix insiders have bought more of their company's stock than they have sold. Specifically, they have bought $53,300.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
26.30% of the stock of Lantronix is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 37.21% of the stock of Lantronix is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Lantronix is -17.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lantronix is -17.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lantronix has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lantronix (NASDAQ:LTRX) Stock

Lantronix, Inc. provides solutions for video surveillance, traffic management, infotainment systems, robotics, edge computing, and remote environment management in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login. It also offers telematics devices, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management; network switches, media converters, power over ethernet, NICS and optical SFPs, system on modules, single board computers, and development kits; and services for mechanical, hardware, and software engineering for camera, audio, and artificial intelligence/machine learning development. In addition, the company's REM products include out-of-band management, console management, power management, and IP connected keyboard-video-mouse products that offers remote access to IT and networking infrastructure deployed in test labs, data centers, branch offices, remote sites, and server rooms. Lantronix, Inc. was incorporated in 1989 and is headquartered in Irvine, California.

LTRX Price History

30 days | 90 days | 365 days | Advanced Chart

LTRX Stock News Headlines

September 22, 2023 | americanbankingnews.com

Lantronix (NASDAQ:LTRX) Share Price Passes Above 200-Day Moving Average of $4.33

September 18, 2023 | uk.style.yahoo.com

Lantronix Independent Director Acquires 494% More Stock

September 29, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 18, 2023 | msn.com

What Makes Lantronix, Inc. (LTRX) a New Buy Stock

September 16, 2023 | finance.yahoo.com

One Lantronix Insider Raised Stake By 494% In Previous Year

September 14, 2023 | finance.yahoo.com

Insider Buying: Director Philip Brace Acquires 10,000 Shares of Lantronix Inc (LTRX)

September 14, 2023 | finance.yahoo.com

Lantronix Expands Its G520 Series of Transport Pack Routers, Now Offering New 5G and 4G CAT-4 Routers

September 10, 2023 | seekingalpha.com

Lantronix, Inc. (LTRX) Q4 2023 Earnings Call Transcript

September 29, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 9, 2023 | msn.com

Roth Capital Reiterates Lantronix (LTRX) Buy Recommendation

September 9, 2023 | msn.com

Roth MKM Maintains Lantronix (LTRX) Buy Recommendation

September 8, 2023 | marketwatch.com

Lantronix Shares Rise 25% on Sequential Improvements in 4Q

September 8, 2023 | benzinga.com

Smartsheet, Kroger, Lantronix And Other Big Stocks Moving Higher On Friday

September 8, 2023 | msn.com

Needham Reiterates Lantronix (LTRX) Buy Recommendation

September 8, 2023 | finance.yahoo.com

Lantronix, Inc. (NASDAQ:LTRX) Q4 2023 Earnings Call Transcript

September 7, 2023 | msn.com

Roth MKM Reiterates Lantronix (LTRX) Buy Recommendation

September 7, 2023 | finance.yahoo.com

Lantronix Reports Results for Fourth Quarter of Fiscal 2023

September 7, 2023 | finance.yahoo.com

Lantronix, Inc. (LTRX) Q4 Earnings Top Estimates

September 6, 2023 | msn.com

Lantronix Q4 2023 Earnings Preview

September 5, 2023 | markets.businessinsider.com

Craig-Hallum Reaffirms Their Buy Rating on Lantronix (LTRX)

August 24, 2023 | finance.yahoo.com

Lantronix to Report Fiscal 2023 Fourth Quarter Results on September 7, 2023

August 16, 2023 | finance.yahoo.com

Lantronix Announces 2023 SmartEdge Channel Partner Program Award Winners

August 12, 2023 | finance.yahoo.com

Lantronix (NASDAQ:LTRX) shareholders have endured a 44% loss from investing in the stock a year ago

August 8, 2023 | finance.yahoo.com

Lantronix Appoints Philip Brace to Its Board of Directors

August 8, 2023 | finance.yahoo.com

Lantronix Announces CFO/Interim CEO Featured at CG 43rd Annual Growth Conference Aug. 10, 2023

August 2, 2023 | uk.news.yahoo.com

Extreme Networks (EXTR) Surpasses Q4 Earnings and Revenue Estimates

June 14, 2023 | finance.yahoo.com

Lantronix, Inc.'s (NASDAQ:LTRX) largest shareholders are retail investors with 40% ownership, institutions own 36%

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LTRX Company Calendar

Last Earnings: 9/07/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer & office equipment
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:LTRX
CUSIP: N/A
CIK: 1114925
Web: www.lantronix.com
Phone: (949) 453-3990
Fax: 949-453-3995
Employees: 335
Year Founded: 1989

Price Target and Rating

Average Stock Price Forecast: $9.80
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +120.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.25)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 15.34
P/E Growth: N/A
Net Income: $-8,980,000.00
Net Margins: -6.85%
Pretax Margin: -6.27%
Return on Equity: -11.41%
Return on Assets: -5.98%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 2.08
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $131.19 million
Price / Sales: 1.25
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.12 per share
Price / Book: 2.10

Miscellaneous

Outstanding Shares: 36,910,000
Free Float: 27,204,000
Market Cap: $164.25 million
Optionable: Not Optionable
Beta: 2.06

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Key Executives

Mr. Jeremy R. Whitaker (Age 53)
CFO & Interim CEO
Comp: $413.12k

Mr. Roger Holliday (Age 64)
VP of Worldwide Sales
Comp: $365.75k

Mr. Robert C. Adams
Head of Corp. Devel. & Investor Relations

Gail Kathryn Miller
Corp. Marketing & Communications Mang.

Mr. Jacques Issa
VP of Marketing

Mr. Gene Schaeffer (Age 59)
Head of Americas Sales

Ms. Amber Tinz
Exec. Assistant

Mr. Eric Bass
VP of R&D

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LTRX Stock - Frequently Asked Questions

Should I buy or sell Lantronix stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lantronix in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LTRX shares.
View LTRX analyst ratings or view top-rated stocks.
What is Lantronix's stock price forecast for 2023?: 4 equities research analysts have issued 1 year price objectives for Lantronix's stock. Their LTRX share price forecasts range from $8.00 to $12.00. On average, they anticipate the company's share price to reach $9.80 in the next year. This suggests a possible upside of 120.2% from the stock's current price.
View analysts price targets for LTRX or view top-rated stocks among Wall Street analysts.
How have LTRX shares performed in 2023?: Lantronix's stock was trading at $4.32 at the beginning of the year. Since then, LTRX shares have increased by 3.0% and is now trading at $4.45.
View the best growth stocks for 2023 here.
When is Lantronix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our LTRX earnings forecast.
How were Lantronix's earnings last quarter?: Lantronix, Inc. (NASDAQ:LTRX) announced its quarterly earnings data on Thursday, September, 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The technology company had revenue of $34.92 million for the quarter, compared to analysts' expectations of $35.20 million. Lantronix had a negative trailing twelve-month return on equity of 11.41% and a negative net margin of 6.85%. During the same quarter in the prior year, the firm posted $0.07 EPS.
What guidance has Lantronix issued on next quarter's earnings?: Lantronix issued an update on its FY 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of $0.50-$0.60 for the period, compared to the consensus EPS estimate of $0.53. The company issued revenue guidance of $175.00 million-$185.00 million, compared to the consensus revenue estimate of $176.91 million.

What other stocks do shareholders of Lantronix own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Lantronix investors own include Rite Aid (RAD), Century Aluminum (CENX), Mr. Cooper Group (COOP), Tonix Pharmaceuticals (TNXP), American Airlines Group (AAL), Advanced Micro Devices (AMD), Cleveland-Cliffs (CLF), Enterprise Products Partners (EPD), Energy Transfer (ET) and Nokia Oyj (NOK).
What is Lantronix's stock symbol?: Lantronix trades on the NASDAQ under the ticker symbol "LTRX."
How do I buy shares of Lantronix?: Shares of LTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Lantronix's stock price today?: One share of LTRX stock can currently be purchased for approximately $4.45.
How much money does Lantronix make?: Lantronix (NASDAQ:LTRX) has a market capitalization of $164.25 million and generates $131.19 million in revenue each year. The technology company earns $-8,980,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.
How many employees does Lantronix have?: The company employs 335 workers across the globe.
Does Lantronix have any subsidiaries?: The following companies are subsidiares of Lantronix: Intrinsyc Technologies, Intrinsyc Technologies Corporation, Lantronix Australia Pty. Ltd., Lantronix Europe GmbH, Lantronix Holding Company, Lantronix Hong Kong Limited, Lantronix India Private Limited, Lantronix International AG, Lantronix IoT GmbH, Lantronix Japan K.K., Lantronix Netherlands B.V., Lantronix UK Ltd., Maestro Wireless Solutions Limited, Net2Edge Limited, Premise Systems, ProNET GmbH, Stallion Technologies, Transition Networks, and Transition Networks Inc..
Read More
How can I contact Lantronix?: Lantronix's mailing address is 7535 IRVINE CENTER DRIVE SUITE 100, IRVINE CA, 92618. The official website for the company is www.lantronix.com. The technology company can be reached via phone at (949) 453-3990, via email at investors@lantronix.com, or via fax at 949-453-3995.

This page (NASDAQ:LTRX) was last updated on 9/29/2023 by MarketBeat.com Staff

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