Netlist (OTCMKTS:NLST) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Netlist, Inc. (OTCMKTS:NLST) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.86 and traded as high as $2.92. Netlist shares last traded at $2.85, with a volume of 468,514 shares trading hands.

Wall Street Analysts Forecast Growth

NLST has been the topic of several recent research reports. Zacks Research upgraded shares of Netlist from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Roth Capital restated a “buy” rating and set a $5.00 target price on shares of Netlist in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Netlist presently has a consensus rating of “Strong Buy” and an average price target of $5.00.

Netlist Trading Up 0.4%

The company has a market cap of $951.59 million, a P/E ratio of -142.50 and a beta of 1.33. The business’s 50 day simple moving average is $2.85 and its 200 day simple moving average is $1.86.

Netlist (OTCMKTS:NLST) last posted its quarterly 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 firm had revenue of $104.89 million during the quarter, compared to the consensus estimate of $79.00 million. Sell-side analysts anticipate that Netlist, Inc. will post 0.03 EPS for the current 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.