Shares of Netlist, Inc. (OTCMKTS:NLST – Get Free Report) were down 7.5% during mid-day trading on Tuesday . The stock traded as low as $2.45 and last traded at $2.4505. Approximately 741,805 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 1,768,298 shares. The stock had previously closed at $2.65.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on NLST shares. Zacks Research raised shares of 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 issued a $5.00 price objective on shares of Netlist in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of $5.00.
View Our Latest Report on NLST
Netlist Stock Performance
Netlist (OTCMKTS:NLST – Get Free Report) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates 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, 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.
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