This post first appeared on Micro Cap Daily
Netlist, Inc. (OTCQX: NLST) stock price has been following a very interesting pattern in the past nine months, which allows investors to predict when the best time to purchase the firm’s stock might be. According to everything that is known so far, the time might be right now.
As mentioned, the pattern that NLST price was following was relatively clear, albeit unusual. It started in September 2018 with a sharp growth that came in the final week of the month and was then followed by an entire month of decline. At the end of October, the price once again started growing rather suddenly, from $0.3 to $0.6, which it reached in late November. After that, it suddenly declined in early December, which was followed by around two months of stagnation at the support level at $0.4.
Then, the price suddenly surged once more, this time breaching the resistance at $0.6 in the final days of February, only to spend the next two months gradually declining to $0.4. The pattern is clear now, with the price that tends to grow to $0.6, and then slowly drop down to $0.4.
Who is Netlist, Inc.?
Netlist is one of the larger providers of high-performance SSDs as well as modular memory subsystems. The company has numerous customers in various industries, Its major products are EXPRESSvault, as well as NVvault, both of which allow customers to accelerate data in their storage and servers, while reliably protecting metadata, log data, and enterprise-level cache.
Obviously, this can be very useful in cases of a power outage, system failure, or other unfortunate incidents that might otherwise ruin entire businesses. The company also offers its next-generation storage class memory product, known as HybriDIMM, which was specially designed to address the growing need for real-time analytics.
This is often necessary when it comes to Big Data applications, high-performance computing, advanced data-storage solutions, and in-memory databases. In addition, Netlist also builds and provides specialty and legacy memory products, which appear to be very popular among appliance and storage customers, but also system builders, datacenters, and cloud customers.
The company features an entire portfolio of patterns, many of which are in the areas of storage class memory, hybrid memory, rank multiplication, and load reduction.
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Netlist’s progress in the past 12 months
As mentioned earlier, Netlist’s price started its unusual behavior around September 2018. Before that, the firm’s stock price was mostly fluctuating between $0.1 and $0.2, without attracting too much attention. However, the price surged to $1.1 in early September, which was followed by the company announcing pricing of $10 million registered offering.
By the end of the month, the firm managed to join OTCQX, and it appointed a new Chief Licencing Officer, Chuck Hausman. Later, in November 2018, the company announced a co-marketing partnership with Nyriad in order to ‘unlock the power of today’s most demanding storage applications.’
Meanwhile, the company was seeing a legal issue with another firm, SK hynix. The two entered a battle for patents, one which Netlist ended up winning, according to the US Patent Trial and Appeal Board. The issues with SK hynix is still far from over, and Netlist was forced to start its own investigation regarding the issue, but it appears that the company is no longer a risky investment.
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With that in mind, it is clear why the firm’s stock is once again seeing growth, and anyone looking to make a profit should consider investing in it now. The price’s pattern might be broken now that the issues with SK hynix are mostly in the firm’s past, and investors should do well to use the opportunity and invest before the surge gathers momentum. We will be updating on Netlist when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Netlist.
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Disclosure: we hold no position in Netlist either long or short and we have not been compensated for this article.
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This post first appeared on Micro Cap Daily