On September 27, 2024, at 12:48 PM EST, Lantronix Inc. (LTRX, Financial) saw its stock price surge by 5.14%. At the time of reporting, the price reached $4.09 per share with a trading volume of 159,644 shares, a turnover rate of 0.42%, and a price fluctuation of 5.66%.
Recent financial reports show that LTRX achieved revenue of $160 million, with a net loss of $4.52 million. The earnings per share (EPS) stood at -$0.12, and the gross profit was $58.02 million. The Price-Earnings (P/E) ratio was -33.83.
In terms of institutional ratings, all five participating institutions gave a 'buy' recommendation for LTRX. None of the institutions recommended holding or selling the stock.
In the telecommunications industry, where LTRX operates, the overall sector saw a decline of 0.29%. Among related stocks, EchoStar, Akoustis Technologies (AKTS), and Telesat Corporation saw significant gains. Notably, Akoustis Technologies (AKTS), AST SpaceMobile (ASTS), and Infineon were particularly active with turnover rates of 11.04%, 9.14%, and 6.99% respectively. The stocks with the highest amplitude included AST SpaceMobile (ASTS), Akoustis Technologies (AKTS), and EchoStar with amplitudes of 33.28%, 21.57%, and 12.38% respectively.
Lantronix Inc. provides secure data access and management solutions for the Internet of Things (IoT) and IT assets. The company's products and solutions fall into three categories: IoT solutions, IoT system solutions, and software and services. The embedded IoT solutions segment is the primary revenue driver. Lantronix serves diverse markets, including healthcare, industrial, security, energy, transportation, and government networks. The company’s primary geographic markets are the Americas, Europe, the Middle East, Africa, and Japan in the Asia-Pacific region. Most of the company's revenue comes from the Americas.
