Netlist (OTCMKTS:NLST) Shares Down 15.9% – Time to Sell?

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and set a $5.00 target price on shares of Netlist in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $5.00.

Netlist Price Performance

The company’s fifty day moving average is $1.84 and its 200-day moving average is $1.22. The stock has a market cap of $983.69 million, a PE ratio of -153.50 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 (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $104.89 million for the quarter, compared to analysts’ expectations of $79.00 million.

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.