Netlist (OTCMKTS:NLST) Trading Down 15.9% – Should You Sell?

Netlist, Inc. (OTCMKTS:NLST) shares traded down 15.9% during mid-day trading on Thursday . The company traded as low as $2.76 and last traded at $2.76. 1,332,462 shares were traded during trading, a decline of 22% from the average session volume of 1,719,123 shares. The stock had previously closed at $3.2820.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and set a $5.00 price target on shares of Netlist in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Netlist currently has an average rating of “Buy” and a consensus target price of $5.00.

Netlist Stock Performance

The firm has a market cap of $976.63 million, a price-to-earnings ratio of -146.50 and a beta of 1.33. The business’s 50 day moving average price is $1.91 and its 200 day moving average price is $1.25.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. Sell-side analysts anticipate that Netlist, Inc. will post 0.03 earnings per share 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.