Netlist (OTCMKTS:NLST) Sees Large Volume Increase – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST) shares saw unusually-high trading volume on Wednesday . Approximately 1,591,304 shares were traded during trading, a decline of 11% from the previous session’s volume of 1,780,646 shares.The stock last traded at $2.3550 and had previously closed at $2.4950.

Wall Street Analyst Weigh In

Several research firms have weighed in on NLST. Zacks Research upgraded Netlist from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Roth Mkm reiterated a “buy” rating and set a $5.00 price target on shares of Netlist in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of $5.00.

Netlist Trading Down 5.0%

The stock’s 50-day moving average price is $1.96 and its two-hundred day moving average price is $1.28. The stock has a market capitalization of $789.97 million, a P/E ratio of -118.50 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. On average, equities research analysts predict 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.