Netlist (OTCMKTS:NLST) Trading Up 6.8% – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST) shares traded up 6.8% during mid-day trading on Wednesday . The company traded as high as $2.74 and last traded at $2.6710. 449,237 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,793,499 shares. The stock had previously closed at $2.50.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Roth Mkm reaffirmed a “buy” rating and issued a $5.00 target price on shares of Netlist in a report on Wednesday, May 13th. Zacks Research raised Netlist from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $5.00.

Netlist Stock Performance

The business has a fifty day simple moving average of $2.41 and a 200-day simple moving average of $1.55. The firm has a market cap of $842.77 million, a price-to-earnings ratio of -126.25 and a beta of 1.40.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $104.89 million during the quarter, compared to analyst estimates of $79.00 million. On average, equities analysts anticipate that Netlist, Inc. will post 0.03 earnings per share for the current year.

Netlist Company Profile

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.