Roth Mkm Has Lowered Expectations for Netlist (OTCMKTS:NLST) Stock Price

by · The Cerbat Gem

Netlist (OTCMKTS:NLST – Get Free Report) had its price target decreased by equities researchers at Roth Mkm from $4.00 to $2.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s target price would suggest a potential upside of 110.57% from the company’s previous close.

Separately, StockNews.com downgraded shares of Netlist from a “hold” rating to a “sell” rating in a research note on Monday.

View Our Latest Stock Analysis on Netlist

Netlist Stock Performance

NLST stock traded up $0.05 during midday trading on Wednesday, reaching $0.95. The stock had a trading volume of 976,807 shares, compared to its average volume of 549,759. Netlist has a 52-week low of $0.83 and a 52-week high of $2.97. The stock has a market cap of $258.19 million, a PE ratio of -4.32 and a beta of 1.05. The firm has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.32.

Netlist (OTCMKTS:NLST – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Netlist had a negative net margin of 50.76% and a negative return on equity of 356.11%. The company had revenue of $36.84 million for the quarter, compared to analysts’ expectations of $37.00 million. On average, sell-side analysts predict that Netlist will post -0.21 EPS for the current fiscal year.

About Netlist

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Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.

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