Netlist (OTCMKTS:NLST) Shares Gap Up – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST) gapped up before the market opened on Wednesday . The stock had previously closed at $2.56, but opened at $3.23. Netlist shares last traded at $3.60, with a volume of 2,273,621 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a research note on Thursday, July 16th. Zacks Research cut Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Netlist Price Performance

The company has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $2.05.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Netlist had a negative return on equity of 29.40% and a net margin of 0.24%.The business had revenue of $104.89 million for the quarter, compared to analysts’ expectations of $79.00 million. On average, equities research analysts forecast that Netlist, Inc. will post 0.06 EPS for the current fiscal 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.