Netlist (OTCMKTS:NLST) Reaches New 1-Year High – What’s Next?

Netlist, Inc. (OTCMKTS:NLST) shares reached a new 52-week high on Tuesday . The stock traded as high as $7.00 and last traded at $6.03, with a volume of 11872861 shares changing hands. The stock had previously closed at $5.88.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NLST shares. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Roth Capital reaffirmed a “buy” rating and issued a $15.00 target price on shares of Netlist in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Netlist has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Trading Down 4.2%

The business’s fifty day moving average price is $3.18 and its 200-day moving average price is $2.34.

Institutional Trading of Netlist

An institutional investor recently bought a new position in Netlist stock. Compass Financial Management LLC bought a new stake in Netlist, Inc. (OTCMKTS:NLST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.

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.