Netlist, Inc. (OTCMKTS:NLST – Get Free Report) saw strong trading volume on Wednesday . 2,324,606 shares changed hands during trading, an increase of 20% from the previous session’s volume of 1,938,771 shares.The stock last traded at $5.60 and had previously closed at $6.65.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on NLST. Roth Capital reaffirmed a “buy” rating and issued a $15.00 target price on shares of Netlist in a research note on Wednesday, August 12th. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.
Read Our Latest Stock Analysis on Netlist
Netlist Stock Performance
Institutional Investors Weigh In On Netlist
A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new stake in Netlist, Inc. (OTCMKTS:NLST – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by hedge funds and other institutional investors.
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.
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