Netlist (OTCMKTS:NLST) Shares Gap Down – What’s Next?

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $1.57, but opened at $1.50. Netlist shares last traded at $1.67, with a volume of 514,672 shares traded.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Netlist in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Netlist Price Performance

The company has a 50 day moving average of $1.23 and a 200-day moving average of $0.92. The company has a market cap of $582.37 million, a P/E ratio of -22.98 and a beta of 1.42.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $75.72 million during the quarter, compared to the consensus estimate of $44.00 million. Research analysts anticipate that Netlist, Inc. will post -0.17 EPS for the current year.

About Netlist

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.