Lantronix - LTRX Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lantronix in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LTRX shares.
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2 Wall Street analysts have issued 1 year price targets for Lantronix's shares. Their LTRX share price forecasts range from $10.00 to $10.00. On average, they expect the company's stock price to reach $10.00 in the next year. This suggests a possible upside of 127.3% from the stock's current price.
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Lantronix's stock was trading at $4.32 at the beginning of the year. Since then, LTRX stock has increased by 1.9% and is now trading at $4.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Lantronix, Inc. (NASDAQ:LTRX) issued its quarterly earnings results on Thursday, November, 11th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. The technology company had revenue of $27.71 million for the quarter. Lantronix had a negative net margin of 3.76% and a negative trailing twelve-month return on equity of 6.30%. During the same quarter in the previous year, the company earned ($0.01) earnings per share.

Lantronix issued an update on its FY 2023 earnings guidance on Saturday, January, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $135.00 million-$145.00 million, compared to the consensus revenue estimate of $159.34 million.

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).

Lantronix trades on the NASDAQ under the ticker symbol "LTRX."

Lantronix's stock is owned by many different retail and institutional investors. Top institutional investors include Portolan Capital Management LLC (1.91%), Lynrock Lake LP (1.84%), Dimensional Fund Advisors LP (1.29%), Renaissance Technologies LLC (1.25%), Essex Investment Management Co. LLC (0.95%) and First Eagle Investment Management LLC (0.88%). Insiders that own company stock include Bernhard Bruscha, Fathi Hakam, Hoshi Printer, Jeremy Whitaker, Paul F Folino, Paul H Pickle and Roger Holliday.
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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.
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One share of LTRX stock can currently be purchased for approximately $4.40.

Lantronix (NASDAQ:LTRX) has a market capitalization of $160.68 million and generates $131.57 million in revenue each year. The technology company earns $-5,360,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis.

The company employs 299 workers across the globe.

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.