Netlist (OTCMKTS:NLST) Stock Price Up 6.9% – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price shot up 6.9% on Wednesday . The company traded as high as $5.48 and last traded at $5.47. 1,030,536 shares changed hands during trading, a decline of 46% from the average daily volume of 1,911,906 shares. The stock had previously closed at $5.1150.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NLST shares. Roth Capital reaffirmed a “buy” rating and issued a $15.00 price target on shares of Netlist in a report on Wednesday, August 12th. Zacks Research cut Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Price Performance

The business’s 50 day moving average is $3.52 and its 200 day moving average is $2.53.

Institutional Investors Weigh In On Netlist

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC acquired a new position in shares of Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.

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.