Netlist (OTCMKTS:NLST) Stock Price Up 9.1% - Here's What Happened

Key Points

• Netlist shares jumped 9.1% to $5.409, reaching an intraday high of $5.45, although trading volume was 51% below the average session volume.
• Analyst sentiment remains mixed but leans positive: Roth Capital reiterated a Buy rating with a $15 price target, while Zacks Research downgraded the stock to Hold. The consensus rating is Moderate Buy with an average target of $15.
• Netlist exceeded quarterly expectations, reporting $0.03 in EPS versus a projected loss of $0.01 and revenue of $104.89 million versus the $79 million consensus estimate. Institutional ownership remains minimal at 0.01%.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s share price rose 9.1% during trading on Friday . The stock traded as high as $5.45 and last traded at $5.4090. Approximately 866,342 shares were traded during trading, a decline of 51% from the average session volume of 1,772,222 shares. The stock had previously closed at $4.96.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Roth Capital reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Netlist in a research report on Wednesday. Zacks Research cut shares of Netlist from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Netlist Stock Up 12.4%

The company has a 50 day moving average of $2.91 and a 200 day moving average of $2.21.

Netlist (OTCMKTS:NLST - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping 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. Netlist had a negative return on equity of 29.40% and a net margin of 0.24%. Analysts forecast that Netlist, Inc. will post 0.79 EPS for the current year.

Institutional Trading of Netlist

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC acquired a new position in shares of Netlist, Inc. (OTCMKTS:NLST - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,000 shares of the semiconductor company's stock, valued at approximately $34,000. Institutional investors and hedge funds own 0.01% of the company's stock.

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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