Recent extremely meaningful positive changes in investment behavior have benefitted Lantronix Inc (NASDAQ: LTRX): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Lantronix Inc (NASDAQ: LTRX) has recently enjoyed slight positive changes in fundamentals: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
LTRX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Lantronix has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Lantronix has a neutral Appreciation Score of 48 but a poor Power Rating of 23, with the Negative Value Trend Rating the result.
Recent Price Action
On 9/11/24, Lantronix Inc (NASDAQ: LTRX) stock enjoyed a very large increase of 9.2%, closing at $4.29. Moreover, exceptionally high trading volume at 296% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 23.6% during the last week.
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