The 36-month beta value for GSIT is also noteworthy at 0.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for GSIT is 18.94M, and at present, short sellers hold a 2.58% of that float. The average trading volume of GSIT on October 18, 2024 was 141.70K shares.
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GSIT) stock’s latest price update
The stock price of GSI Technology Inc (NASDAQ: GSIT) has dropped by -10.13 compared to previous close of 3.95. Despite this, the company has seen a gain of 0.28% in its stock price over the last five trading days. globenewswire.com reported 2024-10-10 that SUNNYVALE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) — GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for networking, telecommunications and military markets, will announce financial results for its fiscal second quarter 2025 ended September 30, 2024 after the market close on Thursday, October 24, 2024. Management will also conduct a conference call to review the Company’s second quarter financial results and its current outlook for the third quarter of fiscal 2025 at 1:30 p.m. Pacific time (4:30 p.m. Eastern Time) on that same day.
GSIT’s Market Performance
GSI Technology Inc (GSIT) has seen a 0.28% rise in stock performance for the week, with a 27.70% gain in the past month and a 30.51% surge in the past quarter. The volatility ratio for the week is 10.06%, and the volatility levels for the past 30 days are at 9.40% for GSIT. The simple moving average for the past 20 days is 5.36% for GSIT’s stock, with a 18.33% 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 21.38% 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 -41.03% of loss for the given period.
Volatility was left at 9.40%, however, over the last 30 days, the volatility rate increased by 10.06%, as shares surge +21.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.91% upper at present.
During the last 5 trading sessions, GSIT rose by +0.28%, which changed the moving average for the period of 200-days by +33.46% in comparison to the 20-day moving average, which settled at $3.37. In addition, GSI Technology Inc saw 34.47% 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 NELSON BARBARA H, who sale 9,779 shares at the price of $2.22 back on Aug 14 ’24. After this action, NELSON BARBARA H now owns 0 shares of GSI Technology Inc, valued at $21,670 using the latest closing price.
NELSON BARBARA H, the Director of GSI Technology Inc, sale 7,236 shares at $2.30 during a trade that took place back on Aug 15 ’24, which means that NELSON BARBARA H is holding 0 shares at $16,643 based on the most recent closing price.
Stock Fundamentals for GSIT
Current profitability levels for the company are sitting at:
- -0.96 for the present operating margin
- 0.52 for the gross margin
The net margin for GSI Technology Inc stands at -0.67. The total capital return value is set at -0.43. Equity return is now at value -32.11, with -25.54 for asset returns.
Based on GSI Technology Inc (GSIT), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -1.73.
Currently, EBITDA for the company is -20.4 million with net debt to EBITDA at 0.59. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 6.93for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.73.
Conclusion
In summary, GSI Technology Inc (GSIT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
