At the time of writing, GSI Technology Inc [GSIT] stock is trading at $3.42, up 27.61%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GSIT shares have gain 31.03% over the last week, with a monthly amount glided 81.91%, and seem to be holding up well over a long-time horizon.
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On 25, January 2024, GSI Technology, Inc. Reports Third Quarter Fiscal 2024 Results. In a post published today on Yahoo Finance, GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2023.
From an analyst’s perspective:
GSI Technology Inc [NASDAQ: GSIT] stock has seen the most recent analyst activity on October 28, 2011, when Needham downgraded its rating to a Hold. Previously, Robert W. Baird upgraded its rating to Outperform on April 12, 2010, and elevated its price target to $6. On February 06, 2009, Needham reiterated its Buy rating and revised its price target to $4 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $3 on December 05, 2008. Needham upgraded its rating to a Buy but $5 remained the price target by the analyst firm on May 09, 2008. In a note dated February 01, 2008, Stanford Research upgraded an Buy rating on this stock.
For the past year, the stock price of GSI Technology Inc fluctuated between $1.45 and $9.80. GSI Technology Inc [NASDAQ: GSIT] shares were valued at $3.42 at the most recent close of the market.
Analyzing the GSIT fundamentals
According to GSI Technology Inc [NASDAQ:GSIT], the company’s sales were 21.99M for trailing twelve months, which represents an -17.51% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.88 points at the first support level, and at 2.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.76, and for the 2nd resistance point, it is at 4.09.
Ratios To Look Out For
It is important to note that GSI Technology Inc [NASDAQ:GSIT] has a current ratio of 3.75. In addition, the Quick Ratio stands at 3.09 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 3.93, the price to book ratio is 2.19.
Transactions by insiders
Recent insider trading involved Yau Robert, VP, Engin., Sect. & Director, that happened on Aug 30 when 12500.0 shares were sold. VP, Engin., Sect. & Director, Yau Robert completed a deal on Aug 29 to sell 15263.0 shares. Meanwhile, VP, Engin., Sect. & Director Yau Robert sold 18740.0 shares on Aug 24.
