Netlist (OTCMKTS:NLST) Stock Price Up 9.4% – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price rose 9.4% during trading on Thursday . The stock traded as high as $2.80 and last traded at $2.77. Approximately 630,461 shares changed hands during trading, a decline of 64% from the average daily volume of 1,751,318 shares. The stock had previously closed at $2.5310.

Wall Street Analyst Weigh In

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

Netlist Price Performance

The firm’s 50 day moving average is $2.49 and its 200 day moving average is $1.61. The company has a market cap of $921.37 million, a PE ratio of -137.98 and a beta of 1.40.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. As a group, 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.