Netlist (OTCMKTS:NLST) Shares Gap Down – What’s Next?

Shares of Netlist, Inc. (OTCMKTS:NLST) gapped down prior to trading on Monday . The stock had previously closed at $2.9050, but opened at $2.69. Netlist shares last traded at $2.5170, with a volume of 871,602 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $5.00 price objective on shares of Netlist in a research report on Wednesday, May 13th. Zacks Research upgraded shares of 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 issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $5.00.

Netlist Stock Down 6.0%

The firm’s 50-day moving average is $2.33 and its 200-day moving average is $1.50. The company has a market cap of $911.19 million, a PE ratio of -136.50 and a beta of 1.40.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million for the quarter, compared to analysts’ expectations of $79.00 million. As a group, equities research analysts anticipate that Netlist, Inc. will post 0.03 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.