The closing price of GSI Technology Inc (NASDAQ: GSIT) was $3.40 for the day, down -4.76% from the previous closing price of $3.57. In other words, the price has decreased by -$0.1700 from its previous closing price. On the day, 158147 shares were traded.
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Ratios:
Our analysis of GSIT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 3.75. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 30 ’23 when Yau Robert sold 12,500 shares for $3.02 per share. The transaction valued at 37,811 led to the insider holds 927,439 shares of the business.
Yau Robert sold 15,263 shares of GSIT for $49,855 on Aug 29 ’23. The VP, Engin., Sect. & Director now owns 939,939 shares after completing the transaction at $3.27 per share. On Aug 24 ’23, another insider, Yau Robert, who serves as the VP, Engin., Sect. & Director of the company, sold 18,740 shares for $3.50 each. As a result, the insider received 65,601 and left with 955,202 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GSIT now has a Market Capitalization of 89.54M and an Enterprise Value of 68.86M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 3.13 whereas that against EBITDA is -3.66.
Stock Price History:
Over the past 52 weeks, GSIT has reached a high of $9.80, while it has fallen to a 52-week low of $1.45. The 50-Day Moving Average of the stock is 2.9732, while the 200-Day Moving Average is calculated to be 3.3764.
Shares Statistics:
GSIT traded an average of 408.45K shares per day over the past three months and 243.45k shares per day over the past ten days. A total of 24.69M shares are outstanding, with a floating share count of 17.70M. Insiders hold about 30.04% of the company’s shares, while institutions hold 17.11% stake in the company. Shares short for GSIT as of Mar 15, 2024 were 916.21k with a Short Ratio of 2.24, compared to 540.13k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.62% and a Short% of Float of 4.54%.
Earnings Estimates
The firm’s stock currently is rated by 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
