Netlist (OTCMKTS:NLST) Shares Up 6.8% – Still a Buy?

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

Analyst Ratings Changes

Several research firms have weighed in on NLST. Roth Mkm reissued a “buy” rating and issued a $5.00 price target on shares of Netlist in a report on Wednesday, May 13th. Zacks Research raised shares of 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 assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Netlist presently has a consensus rating of “Strong Buy” and a consensus price target of $5.00.

Netlist Stock Up 6.5%

The company’s fifty day moving average price is $2.37 and its 200 day moving average price is $1.53. The company has a market capitalization of $888.33 million, a P/E ratio of -133.08 and a beta of 1.40.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. Research analysts predict that Netlist, Inc. will post 0.03 earnings per share for the current fiscal 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.