Netlist (OTCMKTS:NLST) Trading Up 9.4% – Should You Buy?

Shares of Netlist, Inc. (OTCMKTS:NLST) shot up 9.4% during mid-day trading on Thursday . The company traded as high as $2.80 and last traded at $2.77. Approximately 630,461 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,751,318 shares. The stock had previously closed at $2.5310.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $5.00 price objective on shares of Netlist in a research report on Wednesday, May 13th. Zacks Research upgraded Netlist from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $5.00.

Netlist Stock Performance

The stock has a market cap of $951.59 million, a PE ratio of -142.50 and a beta of 1.40. The company’s 50-day moving average price is $2.55 and its 200 day moving average price is $1.63.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $104.89 million during the quarter, compared to analysts’ expectations of $79.00 million. As a group, equities research analysts predict that Netlist, Inc. will post 0.03 earnings per share 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.