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

Key Points

• Netlist shares hit a new 52-week high, trading as high as $3.32 and last changing hands at $3.30, up from a prior close of $3.02.
• The company’s recent quarter showed EPS of -$0.01, matching estimates, while revenue came in at $75.72 million, well above the $44.00 million analyst forecast.
• Netlist now has a market cap of about $1.10 billion, and its stock has risen sharply above its 50-day moving average of $1.68 and 200-day moving average of $1.15.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $3.32 and last traded at $3.30, with a volume of 727455 shares changing hands. The stock had previously closed at $3.02.

Netlist Price Performance

The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -42.75 and a beta of 1.33. The firm has a fifty day moving average of $1.68 and a 200 day moving average of $1.15.

Netlist (OTCMKTS:NLST - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company 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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