Netlist (OTCMKTS:NLST) Hits New 12-Month High – What’s Next?

Shares of Netlist, Inc. (OTCMKTS:NLST) hit a new 52-week high on Wednesday . The company traded as high as $4.35 and last traded at $4.29, with a volume of 5540792 shares changing hands. The stock had previously closed at $4.03.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Roth Capital reiterated a “buy” rating on shares of Netlist in a research report on Thursday, July 16th. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Netlist Stock Up 6.5%

The business has a 50 day moving average of $2.84 and a 200-day moving average of $2.15.

Netlist (OTCMKTS:NLST) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. Netlist had a negative return on equity of 29.40% and a net margin of 0.24%.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 0.79 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.