NASDAQ:LTRXLantronix Stock Price, Forecast & News

Lantronix's stock was trading at $2.30 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LTRX stock has increased by 55.2% and is now trading at $3.57. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lantronix in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lantronix.

Lantronix is scheduled to release its next quarterly earnings announcement on Tuesday, September 8th 2020. View our earnings forecast for Lantronix.

Lantronix Inc (NASDAQ:LTRX) issued its quarterly earnings data on Thursday, May, 14th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The technology company earned $16.51 million during the quarter. Lantronix had a negative net margin of 19.94% and a negative return on equity of 1.82%. View Lantronix's earnings history.

Lantronix issued an update on its third quarter 2020 After-Hours earnings guidance on Wednesday, April, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $16-17 million, compared to the consensus revenue estimate of $16.1 million.

3 equities research analysts have issued 1 year price targets for Lantronix's shares. Their forecasts range from $4.00 to $6.00. On average, they expect Lantronix's stock price to reach $5.00 in the next year. This suggests a possible upside of 40.1% from the stock's current price. View analysts' price targets for Lantronix.

Media coverage about LTRX stock has been trending extremely negative recently, InfoTrie reports. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lantronix earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutLantronix.

Lantronix saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 109,600 shares, an increase of 13.9% from the April 30th total of 96,200 shares. Based on an average trading volume of 124,700 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the company's stock are sold short. View Lantronix's Current Options Chain.

Some companies that are related to Lantronix include Extreme Networks (EXTR), Digi International (DGII), Silicom (SILC), Intrusion (INTZ), BIO-key International (BKYI), BOS Better OnLine Sol (BOSC) and NEC (NIPNF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lantronix investors own include Rite Aid (RAD), Century Aluminum (CENX), American Airlines Group (AAL), Mr. Cooper Group (COOP), Tonix Pharmaceuticals (TNXP), Cleveland-Cliffs (CLF), Advanced Micro Devices (AMD), Cerus (CERS), Welltower (WELL) and Adamas Pharmaceuticals (ADMS).

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

Lantronix's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Essex Investment Management Co. LLC (1.77%), Acadian Asset Management LLC (0.66%), Wedbush Securities Inc. (0.28%), Cadence Capital Management LLC (0.26%) and Morgan Stanley (0.05%). Company insiders that own Lantronix stock include Hoshi Printer, Jeff Benck, Kevin Yoder, Paul F Folino and Paul H Pickle. View institutional ownership trends for Lantronix.

LTRX stock was sold by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, Acadian Asset Management LLC, and Essex Investment Management Co. LLC. Company insiders that have sold Lantronix company stock in the last year include Hoshi Printer, and Paul F Folino. View insider buying and selling activity for Lantronix.

LTRX stock was purchased by a variety of institutional investors in the last quarter, including Wedbush Securities Inc., and Morgan Stanley. Company insiders that have bought Lantronix stock in the last two years include Kevin Yoder, and Paul H Pickle. View insider buying and selling activity for Lantronix.

Shares of LTRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LTRX stock can currently be purchased for approximately $3.57.

Lantronix has a market capitalization of $99.82 million and generates $46.89 million in revenue each year. The technology company earns $-410,000.00 in net income (profit) each year or $0.07 on an earnings per share basis. Lantronix employs 147 workers across the globe.

The official website for Lantronix is www.lantronix.com.

Lantronix's mailing address is 7535 IRVINE CENTER DRIVE SUITE 100, IRVINE CA, 92618. The technology company can be reached via phone at 949-453-3990 or via email at [email protected]