Netlist (OTCMKTS:NLST) Shares Down 7.5% – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST)’s stock price was down 7.5% during trading on Tuesday . The company traded as low as $2.45 and last traded at $2.4505. Approximately 741,805 shares changed hands during trading, a decline of 58% from the average session volume of 1,768,298 shares. The stock had previously closed at $2.65.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NLST. Roth Mkm reissued a “buy” rating and issued a $5.00 price target on shares of Netlist in a report on Wednesday, May 13th. Zacks Research upgraded Netlist from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $5.00.

Netlist Stock Up 9.8%

The firm has a market cap of $928.21 million, a PE ratio of -139.00 and a beta of 1.40. The firm’s 50 day moving average is $2.49 and its 200-day moving average is $1.61.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. On average, analysts forecast that Netlist, Inc. will post 0.03 earnings per share 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.