Netlist (OTCMKTS:NLST) Stock Price Up 14.7% – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price rose 14.7% on Tuesday . The company traded as high as $1.60 and last traded at $1.60. Approximately 1,691,314 shares were traded during trading, an increase of 38% from the average daily volume of 1,224,852 shares. The stock had previously closed at $1.3945.

Netlist Price Performance

The company’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $0.95. The firm has a market capitalization of $486.42 million, a PE ratio of -19.13 and a beta of 1.12.

Netlist (OTCMKTS:NLST) last released its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $75.72 million for the quarter, compared to analyst estimates of $44.00 million. Analysts forecast that Netlist, Inc. will post -0.17 earnings per share for the current 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.