LTRX Stock Summary and Trading Ideas (Lantronix | NASDAQ:LTRX)

Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets. It organizes its products and solutions into three product lines named as IoT Solutions, IoT System Solutions, and Software & Services. Embedded IoT solution segment is the key revenue driver for the company. The company serves a diverse range of markets including healthcare, industrial, security, energy, transportation, and government networking. Its primary geographic markets are the Americas, Europe, the Middle East and Africa, and Asia Pacific Japan. The Americas contribute the vast majority of total revenue.

Lantronix trades on the NASDAQ stock market under the symbol LTRX.

As of April 25, 2024, LTRX stock price declined to $3.20 with 67,144 million shares trading.

LTRX has a beta of 0.33, meaning it tends to be less sensitive to market movements. LTRX has a correlation of 0.00 to the broad based SPY ETF.

LTRX has a market cap of $119.93 million. This is considered a Micro Cap stock.

Last quarter Lantronix reported $37 million in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-552,000 and met earnings estimates .

In the last 3 years, LTRX stock traded as high as $10.25 and as low as $3.08.

The top ETF exchange traded funds that LTRX belongs to (by Net Assets): VTI, VXF, DFAT, DFAS, IWC.

LTRX has underperformed the market in the last year with a price return of -16.4% while the SPY ETF gained +23.6%. LTRX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -51.0% and -5.0%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

LTRX support price is $3.11 and resistance is $3.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LTRX stock will trade within this expected range on the day.