Netlist (OTCMKTS:NLST) Reaches New 52-Week High – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.10 and last traded at $4.0530, with a volume of 11800735 shares. The stock had previously closed at $2.56.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NLST. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Roth Capital restated a “buy” rating on shares of Netlist in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Netlist Trading Up 58.3%

The firm has a fifty day moving average price of $2.77 and a 200 day moving average price of $2.07.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Netlist had a net margin of 0.24% and a negative return on equity of 29.40%. The firm had revenue of $104.89 million during the quarter, compared to analyst estimates of $79.00 million. As a group, research analysts expect that Netlist, Inc. will post 0.06 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.