GSI Technology Inc [NASDAQ: GSIT] traded at a high on Friday, posting a 43.64 gain after which it closed the day’ session at $3.95.
The results of the trading session contributed to over 87514970 shares changing hands. Over the past one week, the price volatility of GSI Technology Inc stands at 21.06% while the volatility over the past one month is 11.65%.
The market cap for GSIT stock reached $100.67 million, with 25.49 million shares outstanding and 18.98 million shares in the current float. Compared to the average trading volume of 173.65K shares, GSIT reached a trading volume of 87514970 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about GSI Technology Inc [GSIT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GSIT shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GSIT stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for GSI Technology Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 28, 2011. While these analysts kept the previous recommendation, Robert W. Baird raised their target price from $5 to $6. The new note on the price target was released on April 12, 2010, representing the official price target for GSI Technology Inc stock. Previously, the target price had yet another drop from $5 to $4, while Needham kept a Buy rating on GSIT stock. On December 05, 2008, analysts decreased their price target for GSIT shares from 5 to 3.
The Average True Range (ATR) for GSI Technology Inc is set at 0.38, with the Price to Sales ratio for GSIT stock in the period of the last 12 months amounting to 5.11. The Price to Book ratio for the last quarter was 3.02, with the Price to Cash per share for the same quarter was set at 0.72.
How has GSIT stock performed recently?
GSI Technology Inc [GSIT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.45. With this latest performance, GSIT shares gained by 52.51% in over the last four-week period, additionally plugging by 41.07% over the last 6 months – not to mention a rise of 92.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GSIT stock in for the last two-week period is set at 67.45, with the RSI for the last a single of trading hit 72.82, and the three-weeks RSI is set at 63.59 for GSI Technology Inc [GSIT]. The present Moving Average for the last 50 days of trading for this stock 2.98, while it was recorded at 3.00 for the last single week of trading, and 3.04 for the last 200 days.
GSI Technology Inc [GSIT]: Deeper insight into the fundamentals
GSI Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.85.
Insider trade positions for GSI Technology Inc [GSIT]
There are presently around $13.26%, or 16.81%% of GSIT stock, in the hands of institutional investors. The top three institutional holders of GSIT stocks are: VANGUARD GROUP INC with ownership of 0.85 million shares, which is approximately 3.3772%. SILVERBERG BERNSTEIN CAPITAL MANAGEMENT LLC, holding 0.47 million shares of the stock with an approximate value of $$1.23 million in GSIT stocks shares; and SILVERBERG BERNSTEIN CAPITAL MANAGEMENT LLC, currently with $$0.95 million in GSIT stock with ownership which is approximately 1.422%.
