Netlist (OTCMKTS:NLST) Shares Gap Up – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $2.56, but opened at $3.23. Netlist shares last traded at $3.60, with a volume of 2,273,621 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Roth Capital restated a “buy” rating on shares of Netlist in a research note on Thursday, July 16th. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Netlist Trading Down 2.2%

The company has a 50 day moving average of $2.78 and a two-hundred day moving average of $2.09.

Netlist (OTCMKTS:NLST) last released 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 analyst estimates of $79.00 million. Netlist had a negative return on equity of 29.40% and a net margin of 0.24%. On average, equities analysts forecast that Netlist, Inc. will post 0.06 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.