Netlist, Inc. (OTCMKTS:NLST – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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
Several analysts have weighed in on NLST shares. Zacks Research raised Netlist from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Roth Mkm reaffirmed a “buy” rating and set a $5.00 target price on shares of Netlist in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Netlist presently has a consensus rating of “Strong Buy” and an average price target of $5.00.
Read Our Latest Stock Analysis on Netlist
Netlist Stock Performance
Netlist (OTCMKTS:NLST – Get Free Report) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. As a group, equities research analysts predict that Netlist, Inc. will post 0.03 EPS for the current 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.
Further Reading
- Five stocks we like better than Netlist
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for Netlist Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist and related companies with MarketBeat.com's FREE daily email newsletter.
