Netlist (OTCMKTS:NLST) Sets New 1-Year High – Time to Buy?

Netlist, Inc. (OTCMKTS:NLST) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.35 and last traded at $4.29, with a volume of 5540792 shares traded. The stock had previously closed at $4.03.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research cut Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reaffirmed 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Netlist Stock Up 6.5%

The company’s 50 day moving average is $2.84 and its 200 day moving average is $2.15.

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 the consensus estimate of ($0.01) by $0.04. Netlist had a net margin of 0.24% and a negative return on equity of 29.40%. The company had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. Research analysts forecast that Netlist, Inc. will post 0.79 EPS 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.