Recent extremely meaningful positive changes in investment behavior have benefitted Lantronix Inc (NASDAQ: LTRX): positive upside/downside volume developed, and its longer term price trend turned up.
Lantronix Inc (NASDAQ: LTRX) has recently enjoyed meaningful positive changes in fundamentals: significant quarterly sales acceleration occurred, and the consensus estimate for June, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of F. 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 F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Lantronix has a neutral Appreciation Score of 49 but a very low Power Rating of 4, producing the Lowest Value Trend Rating.
Recent Price Action
Lantronix Inc (NASDAQ: LTRX) stock enjoyed a large increase of 2.8% on 5/31/24. The stock closed at $3.98. However, exceptionally low trading volume at 48% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 3.6% during the last week.
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