Netlist (OTCMKTS:NLST) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Netlist, Inc. (OTCMKTS:NLST) saw an uptick in trading volume on Wednesday . 1,591,304 shares changed hands during trading, a decline of 11% from the previous session’s volume of 1,780,646 shares.The stock last traded at $2.3550 and had previously closed at $2.4950.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NLST. 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 report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus price target of $5.00.

Netlist Price Performance

The stock has a market cap of $971.63 million, a P/E ratio of -145.75 and a beta of 1.33. The company has a fifty day moving average of $2.02 and a 200 day moving average of $1.31.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. As a group, analysts anticipate 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.