Shares of Netlist, Inc. (OTCMKTS:NLST - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.81 and traded as high as $0.90. Netlist shares last traded at $0.89, with a volume of 689,919 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Netlist from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $2.00.
Check Out Our Latest Analysis on Netlist
Netlist Trading Up 3.0%
The company has a market cap of $261.61 million, a price-to-earnings ratio of -6.39 and a beta of 1.15. The business has a fifty day moving average of $0.73 and a two-hundred day moving average of $0.81.
Netlist (OTCMKTS:NLST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.02) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.02). The business had revenue of $41.71 million during the quarter, compared to analyst estimates of $30.00 million. On average, research analysts forecast that Netlist, Inc. will post -0.17 EPS for the current fiscal year.
About Netlist
(
Get Free Report)
Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Netlist, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Netlist wasn't on the list.
While Netlist currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
