Within its last year performance, GSIT fell by -12.58%, with highs and lows ranging from $6.02 to $1.88, whereas the simple moving average fell by -9.52% in the last 200 days.
On October 28, 2011, Needham Downgraded GSI Technology Inc (NASDAQ: GSIT) to Hold. A report published by Robert W. Baird on April 12, 2010, Upgraded its rating to ‘Outperform’ for GSIT. Needham also reiterated GSIT shares as ‘Buy’, quoting a target price of $4 on the company’s shares in a report dated February 06, 2009. Robert W. Baird December 05, 2008d the rating to Neutral on December 05, 2008, and set its price target from $5 to $3. Needham May 09, 2008d its ‘Hold’ rating to ‘Buy’ for GSIT, as published in its report on May 09, 2008. Stanford Research also rated the stock as ‘Buy’.
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Analysis of GSI Technology Inc (GSIT)
Further, the quarter-over-quarter decrease in sales is -16.40%, showing a negative trend in the upcoming months.
To gain a thorough understanding of GSI Technology Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -32.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.91, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GSIT is recording an average volume of 125.85K. Furthermore, long-term investors anticipate a median target price of $8.00, showing growth from the present price of $2.64, which can serve as yet another indication of whether GSIT is worth investing in or should be passed over.
How Do You Analyze GSI Technology Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GSIT shares are owned by institutional investors to the tune of 10.60% at present.
