Stocks of GSI Technology Inc. (GSIT) are poised to climb above their peers

GSI Technology Inc. (NASDAQ: GSIT) stock fell -9.63% on Wednesday to $5.16 against a previous-day closing price of $5.71. With 2.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.25 million shares. The 52-week range on GSIT shows that it touched its highest point at $7.30 and its lowest point at $1.45 during that stretch. Beta for the stock currently stands at 0.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GSIT was up-trending over the past week, with a rise of 18.35%, but this was up by 237.25% over a month. Three-month performance surged to 193.18% while six-month performance rose 164.62%. The stock gained 45.35% in the past year, while it has gained 198.27% so far this year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -22.31%.

Float and Shares Shorts:

At present, 24.62 million GSIT shares are outstanding with a float of 18.00 million shares on hand for trading. On May 14, 2023, short shares totaled 0.17 million, which was 0.70% higher than short shares on Apr 13, 2023. In addition to Mr. Lee-Lean Shu as the firm’s Co-Founder, Pres, CEO & Chairman, Mr. Robert Yau serves as its Co-Founder, VP of Engineering, Sec. & Director.

Institutional Ownership:

Through their ownership of 21.18% of GSIT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 36.62% of GSIT, in contrast to 15.16% held by mutual funds. Shares owned by individuals account for 13.81%. As the largest shareholder in GSIT with 8.10% of the stake, AIGH Capital Management LLC holds 2,000,000 shares worth 2,000,000. A second-largest stockholder of GSIT, Roumell Asset Management LLC, holds 1,703,269 shares, controlling over 6.90% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in GSIT, holding 726,268 shares or 2.94% stake. With a 6.90% stake in GSIT, the Roumell Opportunistic Value Fund is the largest stakeholder. A total of 1,703,269 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.95% of GSIT stock, is the second-largest Mutual Fund holder. It holds 481,492 shares valued at 0.74 million. Vanguard Extended Market Index Fu holds 0.89% of the stake in GSIT, owning 219,552 shares worth 0.34 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, GSIT reported revenue of $8.91M and operating income of -$3.94M. The EBITDA in the recently reported quarter was -$3.94M and diluted EPS was -$0.16.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSIT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GSIT analysts setting a high price target of $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, GSIT could surge 55.04% to reach the target high and rise by 55.04% to reach the target low. Reaching the average price target will result in a growth of 55.04% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded GSIT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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