Netlist (OTCMKTS:NLST) Trading Up 9.3% – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) rose 9.3% during trading on Thursday . The stock traded as high as $2.95 and last traded at $2.94. 1,331,374 shares changed hands during trading, a decline of 24% from the average session volume of 1,741,310 shares. The stock had previously closed at $2.69.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NLST. Roth Mkm reissued a “buy” rating and issued a $5.00 price objective on shares of Netlist in a report on Wednesday, May 13th. Zacks Research upgraded shares of Netlist from a “hold” rating to a “strong-buy” rating in a 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 company currently has a consensus rating of “Strong Buy” and a consensus price target of $5.00.

Netlist Stock Down 2.0%

The firm has a market cap of $961.61 million, a price-to-earnings ratio of -144.00 and a beta of 1.40. The stock has a 50 day moving average of $2.67 and a 200 day moving average of $1.71.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, beating the consensus estimate 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. As a group, analysts predict 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.