Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Lantronix Inc (NASDAQ: LTRX) weakened of late. LTRX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Lantronix Inc (NASDAQ: LTRX) stock closed at $3.31 on 4/12/24 after a decline of -2.4%. However, trading volume in this decline was exceptionally low at 39% of normal. The stock has risen 5.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LTRX is expected to continue to be an important Value Builder.
Lantronix has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lantronix has a neutral Appreciation Score of 57 but a poor Power Rating of 24, producing the Negative Value Trend Rating.
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