GSI Technology Inc (NASDAQ:GSIT) does about 592.12K shares in volume on a normal day but saw 783583 shares change hands in Friday trading. The company now has a market cap of 74.89M USD. Its current market price is $2.96, marking a decrease of -19.78% compared to the previous close of $3.69. The 52 week high reached by this stock is $9.80 whilst the lowest price level in 52 weeks is $1.51.
GSI Technology Inc (GSIT) has a 20-day trading average at $3.82 and the current price is -69.80% off the 52-week high compared with 96.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.86 and its 200-day simple moving average is $3.05. If we look at the stock’s price movements over the week, volatility stands at 11.83%, which decreases to 10.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.11 to suggest the stock is neutral.
The consensus objective for the share price is $8.00, suggesting that the stock has a potential upside of 63.0% over the period.
Robert W. Baird upgraded the stock to “Outperform” from Neutral on April 12, 2010 at a price target of $5-$6. Needham reiterated its price target at $5-$4.
GSI Technology Inc (GSIT) stock is down -21.90% over the week and -45.19% over the past month. Its price is 12.12% year-to-date and 90.97% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 63.0 percent from here.
The company has a return on investment of -50.06% and return on equity of -46.00%. The beta has a value of 1.01. Price to book ratio is 1.89 and price to sales ratio is 3.44.
