Netlist (OTCMKTS:NLST) Shares Down 6.2% – Should You Sell?

Netlist, Inc. (OTCMKTS:NLST)’s share price traded down 6.2% during trading on Tuesday . The stock traded as low as $2.60 and last traded at $2.6070. 945,747 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,660,992 shares. The stock had previously closed at $2.78.

Analyst Ratings Changes

A number of research firms have issued reports on NLST. Roth Capital reissued a “buy” rating and issued a $5.00 target price on shares of Netlist in a research report on Wednesday, May 13th. Zacks Research raised Netlist from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $5.00.

Netlist Stock Performance

The company has a market capitalization of $868.78 million, a P/E ratio of -130.10 and a beta of 1.33. The business has a 50 day moving average of $2.86 and a 200-day moving average of $1.88.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million during the quarter, compared to the consensus estimate of $79.00 million. As a group, equities analysts forecast that Netlist, Inc. will post 0.03 EPS for the current fiscal 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.