While GSI Technology Inc has underperformed by -19.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GSIT rose by 109.00%, with highs and lows ranging from $9.80 to $1.47, whereas the simple moving average jumped by 28.40% 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’.
Analysis of GSI Technology Inc (GSIT)
Further, the quarter-over-quarter decrease in sales is -17.51%, showing a negative trend in the upcoming months.
In order to gain a clear picture of GSI Technology Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -41.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.09, 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.
An average volume of 576.36K can be a very valuable indicator of volatility for GSIT stock. On a monthly basis, the volatility of the stock is set at 14.41%, whereas on a weekly basis, it is put at 18.96%, with a loss of -9.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.00, showing growth from the present price of $4.18, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 30.04%. 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 17.11% 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 17.11% at present.
