Netlist (OTCMKTS:NLST) Stock Price Up 9.5% - Here's What Happened

Key Points

• Stock jumped 9.5% on Friday, trading as high as $2.65 and last at $2.54 on about 768,093 shares, a 39% decline from its average daily volume of 1,257,240 shares.
• Netlist reported quarterly EPS of ($0.01), matching consensus, while revenue of $75.72 million significantly topped estimates of $44.00 million.
• The company carries a market capitalization of $801.16 million with a negative P/E (-31.50); its 50-day and 200-day moving averages are $1.58 and $1.10, respectively, showing the recent price is well above longer-term averages.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s share price rose 9.5% on Friday . The stock traded as high as $2.65 and last traded at $2.54. Approximately 768,093 shares were traded during trading, a decline of 39% from the average daily volume of 1,257,240 shares. The stock had previously closed at $2.32.

Netlist Stock Performance

The firm's 50-day moving average price is $1.58 and its two-hundred day moving average price is $1.10. The firm has a market capitalization of $801.16 million, a price-to-earnings ratio of -31.50 and a beta of 1.12.

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

About Netlist

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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