The 36-month beta value for GSIT is at 0.98. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GSIT is 17.70M, and currently, shorts hold a 4.27% of that float. The average trading volume for GSIT on April 18, 2024 was 601.97K shares.
GSIT) stock’s latest price update
GSI Technology Inc (NASDAQ: GSIT)’s stock price has gone decline by -7.44 in comparison to its previous close of 3.90, however, the company has experienced a -9.07% decrease in its stock price over the last five trading days. MarketBeat reported 2024-04-09 that Marketbeat’s numerous tools for investors include screens and analyses of fundamental and technical factors. The tool we’re looking at today is a technical screen for golden crosses.
GSIT’s Market Performance
GSIT’s stock has fallen by -9.07% in the past week, with a monthly rise of 3.44% and a quarterly rise of 76.10%. The volatility ratio for the week is 8.81% while the volatility levels for the last 30 days are 13.54% for GSI Technology Inc The simple moving average for the past 20 days is -11.31% for GSIT’s stock, with a 13.31% simple moving average for the past 200 days.
Analysts’ Opinion of GSIT
Robert W. Baird, on the other hand, stated in their research note that they expect to see GSIT reach a price target of $6, previously predicting the price at $5. The rating they have provided for GSIT stocks is “Outperform” according to the report published on April 12th, 2010.
Needham gave a rating of “Buy” to GSIT, setting the target price at $4 in the report published on February 06th of the previous year.
GSIT Trading at 1.91% from the 50-Day Moving Average
After a stumble in the market that brought GSIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.16% of loss for the given period.
Volatility was left at 13.54%, however, over the last 30 days, the volatility rate increased by 8.81%, as shares surge +3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +70.28% upper at present.
During the last 5 trading sessions, GSIT fell by -9.07%, which changed the moving average for the period of 200-days by -34.72% in comparison to the 20-day moving average, which settled at $4.08. In addition, GSI Technology Inc saw 36.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSIT starting from Yau Robert, who sale 12,500 shares at the price of $3.02 back on Aug 30 ’23. After this action, Yau Robert now owns 927,439 shares of GSI Technology Inc, valued at $37,811 using the latest closing price.
Yau Robert, the VP, Engin., Sect. & Director of GSI Technology Inc, sale 15,263 shares at $3.27 during a trade that took place back on Aug 29 ’23, which means that Yau Robert is holding 939,939 shares at $49,855 based on the most recent closing price.
Stock Fundamentals for GSIT
Current profitability levels for the company are sitting at:
- -0.9 for the present operating margin
- 0.55 for the gross margin
The net margin for GSI Technology Inc stands at -0.9. The total capital return value is set at -0.49. Equity return is now at value -41.80, with -34.85 for asset returns.
Based on GSI Technology Inc (GSIT), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -16.67. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 195.93.
Currently, EBITDA for the company is -15.81 million with net debt to EBITDA at 1.06. When we switch over and look at the enterprise to sales, we see a ratio of 3.21. The receivables turnover for the company is 8.83for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.75.
Conclusion
In conclusion, GSI Technology Inc (GSIT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
