Netlist (OTCMKTS:NLST) Shares Gap Up – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST) gapped up before the market opened on Monday . The stock had previously closed at $5.88, but opened at $6.14. Netlist shares last traded at $6.70, with a volume of 1,761,522 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Roth Capital reiterated a “buy” rating and issued a $15.00 target price on shares of Netlist in a research note on Wednesday. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Netlist Stock Up 15.4%

The company’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $2.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new stake in Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors 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.