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GSI Technology Inc (NASDAQ: GSIT) closed the day trading at $2.86 down -10.90% from the previous closing price of $3.21. In other words, the price has decreased by -$10.90 from its previous closing price. On the day, 0.75 million shares were traded. GSIT stock price reached its highest trading level at $3.19 during the session, while it also had its lowest trading level at $2.824.
Ratios:
For a better understanding of GSIT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.10 and its Current Ratio is at 4.85. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.26.
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:
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 72888528 and an Enterprise Value of 73552488. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 3.735 whereas that against EBITDA is -3.497.
Stock Price History:
The Beta on a monthly basis for GSIT is 0.98, which has changed by 0.6212121 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, GSIT has reached a high of $6.02, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is -4.71%, while the 200-Day Moving Average is calculated to be -4.64%.
Shares Statistics:
Over the past 3-months, GSIT traded about 1.68M shares per day on average, while over the past 10 days, GSIT traded about 9422860 shares per day. A total of 25.49M shares are outstanding, with a floating share count of 18.98M. Insiders hold about 25.52% of the company’s shares, while institutions hold 10.36% stake in the company. Shares short for GSIT as of 1735603200 were 369041 with a Short Ratio of 0.22, compared to 1732838400 on 591924. Therefore, it implies a Short% of Shares Outstanding of 369041 and a Short% of Float of 1.8099998999999998.
Earnings Estimates
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.
