GSI Technology Inc (NASDAQ: GSIT) is 11.88% higher on its value in year-to-date trading and has touched a low of $1.62 and a high of $4.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GSIT stock was last observed hovering at around $3.28 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $3.39, the stock is 1.88% and 17.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 3.35% at the moment leaves the stock 13.65% off its SMA200. GSIT registered 30.38% gain for a year compared to 6-month gain of 2.73%. The firm has a 50-day simple moving average (SMA 50) of $2.8936 and a 200-day simple moving average (SMA200) of $2.9829.
The stock witnessed a -7.88% loss in the last 1 month and extending the period to 3 months gives it a 25.56%, and is 4.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.78% over the week and 2.02% over the month.
GSI Technology Inc (GSIT) has around 148 employees, a market worth around $86.79M and $20.52M in sales. Profit margin for the company is -51.85%. Distance from 52-week low is 109.26% and -30.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.84%).
45.0 institutions hold shares in GSI Technology Inc (GSIT), with institutional investors hold 16.92% of the company’s shares. The shares outstanding are 25.60M, and float is at 19.10M with Short Float at 2.05%. Institutions hold 13.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.85 million shares valued at $$2.25 million. The investor’s holdings represent 3.3466 of the GSIT Shares outstanding. As of 2024-06-30, the second largest holder is SILVERBERG BERNSTEIN CAPITAL MANAGEMENT LLC with 0.47 million shares valued at $$1.23 million to account for 1.8364 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 0.36 million shares representing 1.4092 and valued at over $$0.95 million, while RENAISSANCE TECHNOLOGIES LLC holds 1.0075 of the shares totaling 0.26 million with a market value of $$0.68 million.
GSI Technology Inc (GSIT) Insider Activity
The most recent transaction is an insider sale by NELSON BARBARA H, the company’s Director. SEC filings show that NELSON BARBARA H sold 9,779 shares of the company’s common stock on Aug 14 ’24 at a price of $2.22 per share for a total of $21670.0. Following the sale, the insider now owns 0.0 shares.
GSI Technology Inc disclosed in a document filed with the SEC on Aug 15 ’24 that NELSON BARBARA H (Director) sold a total of 7,236 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $2.30 per share for $16643.0. Following the transaction, the insider now directly holds 0.0 shares of the GSIT stock.
Still, SEC filings show that on Aug 01 ’24, NELSON BARBARA H (Director) disposed off 100 shares at an average price of $2.81 for $280.0. The insider now directly holds 0 shares of GSI Technology Inc (GSIT).
