GSI Technology Inc. (NASDAQ:GSIT) currently has a daily average trading volume of 4.32M but it saw 8436168 shares traded on Thursday. With a market cap of 138.06M USD, stock’s current market price of $5.67 came rising about 9.88 while comparing to the previous closing price of $5.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.30 and as low as $1.45. In the recent trading on the day, stock has struck highest price mark of $6.50 while lowest mark touched by it was $5.13.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Taking a look at 20-day trading activity of GSI Technology Inc. (GSIT) gives us an average price of $3.46, while its current price level is -22.33% below from 52-week high level whereas it is 291.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.40 while that of 200 days or SMA-200 reads an average of $2.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.56% during that period while stretching the period over a month that increases to 26.15%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.69 which implies that the stock is in overbought territory.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 1 advised them to Hold.
Over the week, GSIT’s stock price is moving -4.22% down while it is 278.00% when we observe its performance for the past one month. Year-to-date it is 227.75% up and over the past year, the stock is showing an upside performance of 59.72%.
The company is expected to be releasing its next quarterly report in 07/27/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, GSI Technology Inc.’s total number of outstanding shares is 24.62M with 30.96% of that held by the insiders while 21.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -25.30% and return on equity (ROE) at -24.70%. Stock’s beta reads 0.55. Stock has a price to book (P/B) ratio of 2.54 while price to sale or P/S ratio amounts to 4.65. Its return on asset (ROA) is -21.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Roumell Opportunistic Value Fund came shrinking its share ownership by -6.39% in the GSI Technology Inc. (GSIT) decreasing its stake to 6.90% with control over -0.12 million shares in the company.
