What’s Ahead for Netlist, Inc. (NLST) After Achieving 52-Week Low?

March 18, 2018 - By Linda Rogers

Investors sentiment increased to 2.75 in 2017 Q3. Its up 2.25, from 0.5 in 2017Q2. It improved, as 0 investors sold Netlist, Inc. shares while 4 reduced holdings. 7 funds opened positions while 4 raised stakes. 13.87 million shares or 27.49% more from 10.88 million shares in 2017Q2 were reported.
Virtu Financial Limited Liability Com holds 0% or 20,137 shares in its portfolio. G2 Ptnrs Limited Liability Company invested in 0.26% or 890,900 shares. Commonwealth Equity Svcs reported 27,500 shares. Vanguard accumulated 1.46M shares or 0% of the stock. Hudson Bay Cap Mgmt Limited Partnership, a New York-based fund reported 414,888 shares. Art Advsr Ltd Liability Com holds 0% of its portfolio in Netlist, Inc. (NASDAQ:NLST) for 38,554 shares. Goldman Sachs Grp Incorporated holds 0% in Netlist, Inc. (NASDAQ:NLST) or 23,509 shares. Awm Investment has invested 0.89% in Netlist, Inc. (NASDAQ:NLST). California Employees Retirement System accumulated 47,100 shares. Barclays Public Ltd Limited Liability Company, a United Kingdom-based fund reported 59 shares. Blackrock has 165,962 shares. Moreover, Fortress Invest Gp Ltd has 0.01% invested in Netlist, Inc. (NASDAQ:NLST). Royal Bankshares Of Canada holds 0% in Netlist, Inc. (NASDAQ:NLST) or 46 shares. Maryland-based Advantage has invested 0.02% in Netlist, Inc. (NASDAQ:NLST). Penn Management Com Incorporated invested 0.05% of its portfolio in Netlist, Inc. (NASDAQ:NLST).

The stock of Netlist, Inc. (NASDAQ:NLST) hit a new 52-week low and has $0.26 target or 5.00 % below today’s $0.28 share price. The 8 months bearish chart indicates high risk for the $19.37M company. The 1-year low was reported on Mar, 18 by Barchart.com. If the $0.26 price target is reached, the company will be worth $968,600 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 5.85% or $0.0152 during the last trading session, reaching $0.2751. About 1.23M shares traded. Netlist, Inc. (NASDAQ:NLST) has declined 9.43% since March 18, 2017 and is downtrending. It has underperformed by 26.13% the S&P500.

Netlist, Inc. (NASDAQ:NLST) Ratings Coverage

Among 4 analysts covering Netlist (NASDAQ:NLST), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Netlist had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Buy” rating by B. Riley & Co given on Monday, August 7. The firm has “Buy” rating by B. Riley & Co given on Thursday, September 22. The rating was upgraded by Zacks to “Hold” on Thursday, September 17. Zacks upgraded the shares of NLST in report on Tuesday, September 1 to “Sell” rating. As per Wednesday, November 15, the company rating was maintained by Roth Capital.

Netlist, Inc. designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. The company has market cap of $19.37 million. It offers Hybri dual in-line memory module , 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. It currently has negative earnings. The firm also provides nonvolatile (NV) memory products, such as EXPRESSvault PCIe, a plug-and-play memory card, which offers data acceleration and data protection for server appliances; NVvault DDR3 NVDIMM that provides data acceleration and data protection in a joint electron device engineering council (JEDEC)standard DD3 interface for integration into industry-standard server and storage solutions; NVvault DDR4 NVDIMM, which offers data acceleration and data protection in a JEDEC standard DDR4 interface; and specialty DIMMs and embedded flash products for use in data center and industrial applications.

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