Netlist (OTCMKTS:NLST) Sets New 12-Month High – Should You 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 trading hands. The stock had previously closed at $2.56.

Wall Street Analysts Forecast Growth

NLST has been the topic of several research analyst reports. Roth Capital reissued a “buy” rating on shares of Netlist in a research note on Thursday, July 16th. Zacks Research downgraded shares of 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Netlist Trading Up 2.6%

The company has a fifty day moving average price of $2.80 and a 200 day moving average price of $2.10.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share 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 company had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. On average, sell-side analysts expect that Netlist, Inc. will post 0.79 EPS 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.