GSI Technology Inc (NASDAQ: GSIT) has experienced a decline in its stock price by -10.79 compared to its previous closing price of 3.43. However, the company has seen a gain of 0.99% in its stock price over the last five trading days. zacks.com reported 2024-12-13 that Mastercard, The Procter & Gamble, Novartis AG, IDT and GSI Technology are included in this Analyst Blog.
Is It Worth Investing in GSI Technology Inc (NASDAQ: GSIT) Right Now?
The stock has a 36-month beta value of 0.98. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GSIT is 18.98M, and at present, short sellers hold a 3.05% of that float. On January 10, 2025, the average trading volume of GSIT was 169.40K shares.
GSIT’s Market Performance
The stock of GSI Technology Inc (GSIT) has seen a 0.99% increase in the past week, with a 2.00% rise in the past month, and a -12.07% fall in the past quarter. The volatility ratio for the week is 9.38%, and the volatility levels for the past 30 days are at 8.05% for GSIT. The simple moving average for the past 20 days is 2.65% for GSIT’s stock, with a -0.03% 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 1.59% 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 -49.17% of loss for the given period.
Volatility was left at 8.05%, however, over the last 30 days, the volatility rate increased by 9.38%, as shares surge +4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.73% lower at present.
During the last 5 trading sessions, GSIT rose by +0.99%, which changed the moving average for the period of 200-days by -19.69% in comparison to the 20-day moving average, which settled at $2.98. In addition, GSI Technology Inc saw 0.99% 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:
- -1.09 for the present operating margin
- 0.49 for the gross margin
The net margin for GSI Technology Inc stands at -0.78. The total capital return value is set at -0.51. Equity return is now at value -38.91, with -30.45 for asset returns.
Currently, EBITDA for the company is -19.5 million with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 7.64for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.85.
Conclusion
To sum up, GSI Technology Inc (GSIT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
