Stocks of GSI Technology Inc. (NASDAQ:GSIT) traded higher last session on Wall Street, up 35.78% to $5.92.
According to the data, GSI Technology Inc. (NASDAQ:GSIT) has 1 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $8.00, we find $8.00. Given the previous closing price of $4.36, this indicates a potential upside of 83.49 percent. GSIT stock price is now 212.17% away from the 50-day moving average and 162.29% away from the 200-day moving average. The market capitalization of the company currently stands at $47.12M.
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A total of 1 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
On April 12, 2010, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $5 to quote $6, while ‘Needham’ rates the stock as ‘Buy’.
In other news, Lu Ruey-Lin, Director bought 5,051 shares of the company’s stock on May 25. The stock was bought for $17,946 at an average price of $3.55. Upon completion of the transaction, the Director now directly owns 52,500 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director Cholawsky Elizabeth bought 1,350 shares of the business’s stock. A total of $4,858 was incurred on buying the stock at an average price of $3.60. This leaves the insider owning 1,350 shares of the company worth $7992.0. A total of 30.96% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GSIT stock. A new stake in GSI Technology Inc. shares was purchased by ROYAL BANK OF CANADA during the first quarter worth $18,000. In total, there are 33 active investors with 22.20% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $4.20 for GSI Technology Inc. (NASDAQ: GSIT). During the past 12 months, GSI Technology Inc. has had a low of $1.45 and a high of $7.30. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.50, and a quick ratio of 5.60. The fifty day moving average price for GSIT is $1.98 and a two-hundred day moving average price translates $2.27 for the stock.
The latest earnings results from GSI Technology Inc. (NASDAQ: GSIT) was released for Dec, 2022. The net profit margin was -45.50% and return on equity was -25.10% for GSIT. The company reported revenue of $6.45 million for the quarter, compared to $8.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.06 percent.
GSI Technology Inc.(GSIT) Company Profile
GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company’s associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets. In addition, it offers static random access memory (SRAM) products, such as SyncBurst for microprocessor cache and other applications; No Bus Turnaround SRAMs to address the needs of networking and telecom applications; SigmaQuad and SigmaDDR products for density and random transaction rate requirements of networking and telecom applications; Low Latency DRAMs a solution for advanced data networking applications; Asynchronous, a main memory for small cache-less embedded processors for industrial electronics, measurement systems and cost-sensitive networking equipment, and other applications; and specialty SRAMs. The company also provide radiation-hardened and radiation-tolerant SRAMs for aerospace and military applications, such as networking satellites and missiles. Its products are used as components in our OEM customers’ products, including routers, switches and other networking and telecommunications products; military and aerospace applications, such as radar and guidance systems and satellites; audio/video processing; test and measurement applications consisting of high-speed testers; and automotive applications, such as smart cruise control; and medical applications, including ultrasound and CAT scan equipment. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.
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