Netlist (OTCMKTS:NLST) Hits New 1-Year High - Still a Buy?

Key Points

• Netlist hit a new 52-week high, trading as high as $2.68 (last $2.66) on Monday with about 369K shares changing hands; its 50‑ and 200‑day moving averages are $1.58 and $1.10, and market cap is roughly $868.2M (beta 1.33).
• In the latest quarter Netlist reported EPS of ($0.01) in line with estimates while revenue of $75.72M substantially beat the $44.0M analyst estimate.
• Netlist develops high‑performance memory modules and NVMe storage subsystems for enterprise, hyperscale cloud and high‑performance computing applications, driving demand exposure to data center markets.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $2.68 and last traded at $2.66, with a volume of 368996 shares changing hands. The stock had previously closed at $2.50.

Netlist Stock Performance

The stock's 50 day moving average price is $1.58 and its 200 day moving average price is $1.10. The company has a market capitalization of $868.22 million, a P/E ratio of -33.98 and a beta of 1.33.

Netlist (OTCMKTS:NLST - Get Free Report) last released its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $75.72 million during the quarter, compared to analyst estimates of $44.00 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.

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