Netlist (OTCMKTS:NLST) Hits New 52-Week High - Should You Buy?

Key Points

• Netlist hit a new 52‑week high, trading as high as $1.86 (last $1.78) with about 962,759 shares changing hands and 50‑/200‑day moving averages of $1.22/$0.91.
• Analysts maintain a Buy—Roth MKM reiterated a "buy" and MarketBeat shows a consensus Buy (one analyst), while analysts project -$0.17 EPS for the year.
• Quarterly results showed a revenue beat: EPS of ($0.01) matched estimates but revenue came in at $75.72M versus $44.00M expected; the company has a $554.49M market cap and a negative P/E of -21.88.

Shares of Netlist, Inc. (OTCMKTS:NLST - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1.86 and last traded at $1.78, with a volume of 962759 shares changing hands. The stock had previously closed at $1.67.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a "buy" rating on shares of Netlist in a report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Netlist Trading Up 4.8%

The stock has a market capitalization of $554.49 million, a P/E ratio of -21.88 and a beta of 1.42. The stock's 50-day moving average price is $1.22 and its two-hundred day moving average price is $0.91.

Netlist (OTCMKTS:NLST - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $75.72 million during the quarter, compared to analysts' expectations of $44.00 million. On average, equities research analysts predict that Netlist, Inc. will post -0.17 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.