A Reversal for Netlist, Inc. (NLST) Is Not Near. The Stock Reaches Yearly Low Today

March 14, 2018 - By Adrian Mccoy

Investors sentiment increased to 2.75 in Q3 2017. Its up 2.25, from 0.5 in 2017Q2. It is positive, 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.
California Public Employees Retirement System holds 0% in Netlist, Inc. (NASDAQ:NLST) or 47,100 shares. State Street Corp owns 12,600 shares or 0% of their US portfolio. 414,888 were reported by Hudson Bay Mgmt Lp. Goldman Sachs Grp Inc holds 0% in Netlist, Inc. (NASDAQ:NLST) or 23,509 shares. 103,231 are held by Northern Trust. Barclays Plc holds 0% or 59 shares in its portfolio. Virtu Limited Liability Corporation reported 20,137 shares or 0% of all its holdings. Vanguard Grp Inc owns 0% invested in Netlist, Inc. (NASDAQ:NLST) for 1.46M shares. Awm Investment invested in 0.89% or 6.91M shares. Guggenheim Capital Ltd has 0% invested in Netlist, Inc. (NASDAQ:NLST) for 25,174 shares. White Pine Limited Liability Corporation holds 0% or 78,500 shares. Blackrock Inc invested in 165,962 shares. Commonwealth Equity Svcs owns 27,500 shares. Art Advsr Limited Liability Com invested in 38,554 shares or 0% of the stock. Advantage has invested 0.02% of its portfolio in Netlist, Inc. (NASDAQ:NLST).

The stock of Netlist, Inc. (NASDAQ:NLST) hit a new 52-week low and has $0.24 target or 8.00 % below today’s $0.26 share price. The 7 months bearish chart indicates high risk for the $18.49M company. The 1-year low was reported on Mar, 14 by Barchart.com. If the $0.24 price target is reached, the company will be worth $1.48M 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 decreased 0.94% or $0.0025 during the last trading session, reaching $0.2625. About 1.17 million shares traded. Netlist, Inc. (NASDAQ:NLST) has declined 9.43% since March 14, 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. B. Riley & Co initiated Netlist, Inc. (NASDAQ:NLST) on Thursday, September 22 with “Buy” rating. Roth Capital maintained Netlist, Inc. (NASDAQ:NLST) rating on Wednesday, November 15. Roth Capital has “Buy” rating and $1.0 target. The stock has “Buy” rating by B. Riley & Co on Monday, August 7. On Thursday, September 17 the stock rating was upgraded by Zacks to “Hold”. The firm has “Sell” rating by Zacks given on Tuesday, September 1.

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 $18.49 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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