Netlist (OTCMKTS:NLST) Sets New 1-Year High – Here’s Why

Shares of Netlist, Inc. (OTCMKTS:NLST) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $1.68 and last traded at $1.63, with a volume of 475559 shares. The stock had previously closed at $1.49.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating on shares of Netlist in a report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Netlist currently has an average rating of “Buy”.

Netlist Stock Performance

The company has a market cap of $511.00 million, a P/E ratio of -20.75 and a beta of 1.42. The stock has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $0.88.

Netlist (OTCMKTS:NLST) last released its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $75.72 million for the quarter, compared to the consensus estimate of $44.00 million. Sell-side analysts anticipate that Netlist, Inc. will post -0.17 earnings per share for the current fiscal year.

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.