Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
GSI Technology Inc (NASDAQ: GSIT) closed the day trading at $3.21 down -0.47% from the previous closing price of $3.22. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 0.59 million shares were traded.
Ratios:
For a better understanding of GSIT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.29.
On April 12, 2010, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $5 to $6.
Needham reiterated its Buy rating for the stock on February 06, 2009, while the target price for the stock was revised from $5 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 14 ’24 when NELSON BARBARA H sold 9,779 shares for $2.22 per share. The transaction valued at 21,670 led to the insider holds 0 shares of the business.
NELSON BARBARA H sold 7,236 shares of GSIT for $16,643 on Aug 15 ’24. The Director now owns 0 shares after completing the transaction at $2.30 per share. On Aug 01 ’24, another insider, NELSON BARBARA H, who serves as the Director of the company, sold 100 shares for $2.81 each. As a result, the insider received 280 and left with 0 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.01 while its Price-to-Book (P/B) ratio in mrq is 2.75.
Stock Price History:
Over the past 52 weeks, GSIT has reached a high of $4.90, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 15.38%, while the 200-Day Moving Average is calculated to be 9.05%.
Shares Statistics:
A total of 25.60M shares are outstanding, with a floating share count of 19.10M. Insiders hold about 25.41% of the company’s shares, while institutions hold 12.05% stake in the company.
