Is Lantronix Inc (LTRX) a Sell? The Stock Formed Wedge Down Chart Pattern

July 17, 2017 - By Marry Poplack

Investors sentiment decreased to 0.5 in Q4 2016. Its down 0.50, from 1 in 2016Q3. It dropped, as 2 investors sold Lantronix Inc shares while 6 reduced holdings. 1 funds opened positions while 3 raised stakes. 1.96 million shares or 2.77% less from 2.02 million shares in 2016Q3 were reported.
Kennedy Cap Management Inc reported 271,776 shares. Northern Corp has 12,601 shares. Vanguard Grp Inc Inc invested in 0% or 351,801 shares. Grt Capital Ptnrs Ltd Llc stated it has 0.01% in Lantronix Inc (NASDAQ:LTRX). Blackrock Fund Advsr reported 2,338 shares stake. Blackrock Limited Liability Corp accumulated 9,095 shares. Herald Investment Management invested in 706,425 shares. Roanoke Asset Mgmt accumulated 105,283 shares. Guggenheim Limited Liability accumulated 0% or 10,496 shares. 13,448 are held by Citadel Advsr Limited Liability. Deutsche Comml Bank Ag holds 20,731 shares. Manufacturers Life Insur The stated it has 2,979 shares. Morgan Stanley accumulated 50 shares or 0% of the stock. California Employees Retirement System reported 0% stake. Blackrock Institutional Trust Na reported 106,433 shares.

Since February 10, 2017, it had 1 buy, and 1 insider sale for $90,914 activity. Yoder Kevin had bought 5,000 shares worth $11,050 on Friday, February 10. Shares for $101,964 were sold by Fink Michael Andrew on Monday, June 12.

The stock of Lantronix Inc (LTRX) formed a down wedge with $2.14 target or 6.00 % below today’s $2.28 share price. The 9 months wedge indicates high risk for the $38.02 million company. If the $2.14 price target is reached, the company will be worth $2.28M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 22,565 shares traded. Lantronix Inc (NASDAQ:LTRX) has risen 89.43% since July 17, 2016 and is uptrending. It has outperformed by 72.73% the S&P500.

Analysts await Lantronix Inc (NASDAQ:LTRX) to report earnings on August, 22. They expect $-0.02 EPS, 0.00 % or $0.00 from last year’s $-0.02 per share. After $0.01 actual EPS reported by Lantronix Inc for the previous quarter, Wall Street now forecasts -300.00 % negative EPS growth.

More notable recent Lantronix Inc (NASDAQ:LTRX) news were published by: Seekingalpha.com which released: “Lantronix – Microcap ‘Internet Of Things’ Stock Primed For Growth” on March 13, 2017, also Nasdaq.com with their article: “Lantronix Announces Availability of New Environmental Monitoring and Security …” published on June 26, 2017, Globenewswire.com published: “Lantronix and Tech Data Partner to Deliver Innovative IoT Solutions to …” on June 13, 2017. More interesting news about Lantronix Inc (NASDAQ:LTRX) were released by: Globenewswire.com and their article: “Intel IoT Veteran to Join Lantronix Leadership Team as Vice President of Marketing” published on February 21, 2017 as well as Globenewswire.com‘s news article titled: “Global IoT Leader Lantronix to Showcase Latest Solutions at the Internet of …” with publication date: February 01, 2017.

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