Netlist (OTCMKTS:NLST) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Netlist, Inc. (OTCMKTS:NLST)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.40 and traded as high as $3.29. Netlist shares last traded at $3.0635, with a volume of 2,530,785 shares changing hands.

Analysts Set New Price Targets

NLST has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $5.00 price target on shares of Netlist in a report on Wednesday, May 13th. Zacks Research raised Netlist from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Netlist has a consensus rating of “Strong Buy” and an average price target of $5.00.

Netlist Trading Up 5.3%

The stock has a market cap of $1.02 billion, a P/E ratio of -153.18 and a beta of 1.33. The stock’s 50-day moving average is $2.19 and its 200-day moving average is $1.40.

Netlist (OTCMKTS:NLST) last released its quarterly 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 company had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. On average, equities analysts forecast that Netlist, Inc. will post 0.03 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.