The trading price of GSI Technology Inc (NASDAQ:GSIT) closed higher on Monday, May 05, and closing at $3.68, 9.85% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.90 and a 52-week low of $1.62. Over the past month, the stock has gained 85.86% in value.
GSI Technology Inc, whose market valuation is $94.21 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest GSIT has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that GSIT’s price is currently 31.97% off the SMA20 and 41.42% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.64, and weekly volatility stands at 12.84%. When measured over the past 30 days, the indicator reaches 10.86%. GSI Technology Inc (NASDAQ:GSIT)’s beta value is currently sitting at 1.14, while the Average True Range indicator is currently displaying 0.27.
To see how GSI Technology Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GSIT stock’s performance was 9.85% in the latest trading, and -6.36% in the past year.
An evaluation of the daily trading volume of GSI Technology Inc (NASDAQ:GSIT) indicates that the 3-month average is 202.27K.
Currently, records show that 25.60 million of the company’s shares remain outstanding. The insiders hold 25.41% of outstanding shares, whereasinstitutions hold 10.82%. However, since the stock’s price has seen 21.45% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
