On 4/2/24, GSI Technology Inc (NASDAQ: GSIT) stock enjoyed a major increase of 35.1%, closing at $4.62. Moreover, this advance was accompanied by exceptionally high trading volume at 1220% of normal. Relative to the market the stock has been weak over the last nine months but has risen 21.3% during the last week.
Current PriceTarget Research Rating
GSIT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
GSI Technology has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. GSI Technology has a poor Power Rating of 19 and a very low Appreciation Score of 8, triggering the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment