Netlist (OTCMKTS:NLST) Stock Price Up 14.7% – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price traded up 14.7% on Tuesday . The stock traded as high as $1.60 and last traded at $1.60. 1,691,314 shares traded hands during trading, an increase of 38% from the average session volume of 1,224,852 shares. The stock had previously closed at $1.3945.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating on shares of Netlist in a report on Monday, December 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Netlist Stock Up 10.8%

The stock has a market cap of $489.37 million, a P/E ratio of -19.31 and a beta of 1.42. The company’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $0.94.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $75.72 million for the quarter, compared to analysts’ expectations of $44.00 million. As a group, equities research analysts forecast that Netlist, Inc. will post -0.17 earnings per share 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.