Netlist, Inc. (NASDAQ:NLST)’s share price traded down 6.3% during trading on Tuesday . The stock traded as low as $0.17 and last traded at $0.17. 2,960 shares changed hands during trading, a decline of 100% from the average session volume of 2,102,591 shares. The stock had previously closed at $0.16.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Netlist from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Craig Hallum reaffirmed a “buy” rating and set a $1.00 target price on shares of Netlist in a report on Friday, June 1st. Roth Capital raised shares of Netlist from a “neutral” rating to a “buy” rating in a report on Thursday, May 31st. Finally, Zacks Investment Research lowered shares of Netlist from a “hold” rating to a “sell” rating in a report on Saturday, May 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Netlist has an average rating of “Hold” and an average price target of $1.55.
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The firm has a market capitalization of $17.08 million, a PE ratio of -0.83 and a beta of -0.70. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of -1.87.
Netlist (NASDAQ:NLST) last announced its quarterly earnings results on Tuesday, May 15th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $8.88 million for the quarter, compared to analyst estimates of $8.00 million. equities analysts anticipate that Netlist, Inc. will post -0.15 earnings per share for the current year.
Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.