Netlist (OTCMKTS:NLST) Shares Gap Up – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.68, but opened at $2.82. Netlist shares last traded at $2.79, with a volume of 384,176 shares trading hands.

Wall Street Analyst Weigh In

NLST has been the topic of several research analyst reports. Zacks Research upgraded Netlist from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Roth Mkm reiterated a “buy” rating and issued a $5.00 price objective on shares of Netlist in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $5.00.

Netlist Trading Up 6.7%

The company has a market capitalization of $953.30 million, a price-to-earnings ratio of -143.00 and a beta of 1.33. The company has a fifty day moving average of $2.02 and a 200-day moving average of $1.31.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $104.89 million during the quarter, compared to analyst estimates of $79.00 million. As a group, equities research analysts expect that Netlist, Inc. will post 0.03 EPS 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.