Netlist (OTCMKTS:NLST) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Netlist, Inc. (OTCMKTS:NLST)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.86 and traded as high as $2.92. Netlist shares last traded at $2.85, with a volume of 468,514 shares traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on NLST. Zacks Research upgraded shares of Netlist from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Roth Capital restated a “buy” rating and set a $5.00 target price on shares of Netlist in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of $5.00.

Netlist Stock Up 0.4%

The company has a fifty day simple moving average of $2.85 and a 200-day simple moving average of $1.86. The firm has a market cap of $951.59 million, a P/E ratio of -142.50 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million during the quarter, compared to the consensus estimate of $79.00 million. As a group, research analysts forecast that Netlist, Inc. will post 0.03 EPS for the current year.

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.