The stock of Adesto Technologies Corp (NASDAQ:IOTS) is a huge mover today! The stock increased 8.91% or $0.18 on September 30, hitting $2.2. About 131,158 shares traded hands or 455.61% up from the average. Adesto Technologies Corp (NASDAQ:IOTS) has declined 64.56% since February 26, 2016 and is downtrending. It has underperformed by 74.99% the S&P500.
The move comes after 7 months positive chart setup for the $32.80M company. It was reported on Sep, 30 by Barchart.com. We have $5.98 PT which if reached, will make NASDAQ:IOTS worth $56.42M more.
Analysts await Adesto Technologies Corp (IOTS) to report earnings on November, 10. They expect $-0.20 EPS, up 9.09% or $0.02 from last year’s $-0.22 per share. After $-0.27 actual EPS reported by Adesto Technologies Corp for the previous quarter, Wall Street now forecasts -25.93% EPS growth.
Adesto Technologies Corp (NASDAQ:IOTS) Ratings Coverage
Out of 6 analysts covering Adesto Technologies (NASDAQ:IOTS), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Adesto Technologies has been the topic of 8 analyst reports since November 23, 2015 according to StockzIntelligence Inc. Oppenheimer initiated it with “Outperform” rating and $8 target price in Monday, November 23 report. The rating was initiated by Benchmark on Friday, February 19 with “Buy”. The stock of Adesto Technologies Corp (NASDAQ:IOTS) earned “Buy” rating by TH Capital on Monday, November 23. Bernstein initiated Adesto Technologies Corp (NASDAQ:IOTS) on Friday, February 19 with “Buy” rating. The firm has “Buy” rating given on Monday, November 23 by Roth Capital. The company was initiated on Monday, November 23 by Needham. Needham maintained Adesto Technologies Corp (NASDAQ:IOTS) rating on Wednesday, August 10. Needham has “Strong Buy” rating and $4 price target. The stock has “Buy” rating given by Roth Capital on Thursday, September 1.
According to Zacks Investment Research, “Adesto Technologies Corporation is a provider of application-specific non-volatile memory products. The company designed and built a portfolio of innovative products which includes Fusion Serial Flash, DataFlash(R) and Conductive Bridging RAM (R). It sells products directly to original equipment manufacturers and original design manufacturers. Adesto Technologies Corporation is headquartered in Sunnyvale, California.”
More recent Adesto Technologies Corp (NASDAQ:IOTS) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on October 28, 2015. Also Quotes.Wsj.com published the news titled: “News Adesto Technologies Corp.IOTS” on September 18, 2015. 247Wallst.com‘s news article titled: “Adesto Technologies Quietly Enters the Market With IPO” with publication date: October 27, 2015 was also an interesting one.
IOTS Company Profile
Adesto Technologies Corporation, incorporated on May 13, 2015, is a well-known provider of application-specific and ultra-low power non-volatile memory products. The Firm optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It combines its non-volatile memory design capabilities with intellectual property and differentiated technology platforms to deliver products that manage the overall energy consumption of its customers’ systems and battery life. The Company’s products feature embedded intelligence in a small form factor. It sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs), respectively that manufacture products for its end customers. In general, it works directly with its clients to have its NVM devices designed into and qualified for their products, which it refers to as design wins. Although it maintains direct sales, support and development relationships with its end customers, most of its products are sold to those end clients through distributors.
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