Netlist (OTCMKTS:NLST) Sees Unusually-High Trading Volume – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST) shares saw unusually-strong trading volume on Thursday . 5,628,200 shares were traded during trading, an increase of 217% from the previous session’s volume of 1,772,668 shares.The stock last traded at $5.00 and had previously closed at $4.93.

Analysts Set New Price Targets

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

Netlist Stock Performance

The stock has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $2.18.

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 during the quarter, compared to the consensus estimate of $79.00 million. Equities analysts forecast that Netlist, Inc. will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Netlist

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new stake in Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other 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.