Netlist (OTCMKTS:NLST) Shares Gap Down – What’s Next?

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $2.9050, but opened at $2.69. Netlist shares last traded at $2.5170, with a volume of 871,602 shares.

Wall Street Analysts Forecast Growth

NLST has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $5.00 price objective on shares of Netlist in a research report on Wednesday, May 13th. Zacks Research raised shares of Netlist from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $5.00.

Netlist Trading Down 15.3%

The stock has a market cap of $834.43 million, a PE ratio of -125.00 and a beta of 1.40. The company has a fifty day moving average of $2.37 and a 200-day moving average of $1.53.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $104.89 million during the quarter, compared to analysts’ expectations of $79.00 million. As a group, research 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.