Netlist (OTCMKTS:NLST) Shares Pass Above 200-Day Moving Average – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.78 and traded as high as $3.03. Netlist shares last traded at $3.02, with a volume of 993,180 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NLST. Zacks Research raised Netlist from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Roth Mkm restated a “buy” rating and set 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 issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Netlist presently has a consensus rating of “Strong Buy” and a consensus target price of $5.00.

Netlist Stock Up 6.0%

The firm’s 50 day simple moving average is $2.76 and its two-hundred day simple moving average is $1.78. The stock has a market cap of $1.01 billion, a P/E ratio of -151.00 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. As a group, equities analysts predict 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.