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

Netlist, Inc. (OTCMKTS:NLST)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $1.68 and last traded at $1.63, with a volume of 475559 shares traded. The stock had previously closed at $1.49.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Netlist in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Netlist Stock Performance

The stock’s 50-day simple moving average is $1.14 and its two-hundred day simple moving average is $0.88. The stock has a market cap of $511.00 million, a price-to-earnings ratio of -20.75 and a beta of 1.42.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $75.72 million during the quarter, compared to the consensus estimate of $44.00 million. As a group, research analysts predict that Netlist, Inc. will post -0.17 earnings per share for the current 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.