Netlist (OTCMKTS:NLST) Hits New 12-Month High – Here’s What Happened

Netlist, Inc. (OTCMKTS:NLST)’s share price hit a new 52-week high on Thursday . The stock 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on NLST. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Roth Capital restated a “buy” rating on shares of Netlist in a research report on Thursday, July 16th. One 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Netlist Trading Up 58.3%

The company’s fifty day simple moving average is $2.77 and its 200-day simple moving average is $2.07.

Netlist (OTCMKTS:NLST) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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. Netlist had a net margin of 0.24% and a negative return on equity of 29.40%. As a group, equities research analysts predict that Netlist, Inc. will post 0.06 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.