GSI Technology Inc. (GSIT) Insider Trading: What Insights Can Be Gained?

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As of Thursday close, GSI Technology Inc.’s (NASDAQ:GSIT) stock was up $0.51, moving up 9.88 percent to $5.67. The average number of shares traded per day over the past five days has been 8,379,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.25 fall in that time frame. In the last twenty days, the average volume was 13,264,780, while in the previous 50 days, it was 5,439,296.

Since last month, GSIT stock rose 278.00%. Shares of the company fell to $1.47 on 05/02/23, the lowest level in the past month. A 52-week high of $7.30 was reached on 05/19/23 after having rallying from a 52-week low of $1.45. Since the beginning of this year, GSIT’s stock price has risen by 227.75% or $3.94, and marked a new high 13 times. However, the stock has declined by -22.33% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 4.65, the price-to-book (PB) ratio of 2.54.

Financial Health

In the recent quarter, GSI Technology Inc.’s quick ratio stood at 5.60, while its current ratio was 6.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 59.50% percent. In the recent year, operating margins totaled -49.10%. Based on annual data, GSIT earned $18.54 million in gross profit and brought in $33.38 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -25.30%. Return on equity (ROE) for the past 12 months was -24.70%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GSIT’s revenue fell -25.12% to $8.95 million during the quarter, while net income inched up to $6.45 million. During the quarter, the company generated -$4.53 million in EBITDA. The liabilities of GSI Technology Inc. were 9.35 million at the end of its most recent quarter. The value of shareholders’ equity is $24.68 million.

Technical Picture

This quick technical analysis looks at GSI Technology Inc.’s (GSIT) price momentum. With a historical volatility rate of 210.85%, the RSI 9-day stood at 69.71% on 25 May.

With respect to its five-day moving average, the current GSI Technology Inc. price is down by -4.22% percent or -$0.25. At present, GSIT shares trade +244.43% above its 20-day simple moving average and +227.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +265.81% above its SMA50 and +45.38% above its SMA200.

Stochastic coefficient K was 69.03% and Stochastic coefficient D was 71.36%, while ATR was 1.02. Given the Stochastic reading of 71.70% for the 14-day period, the RSI (14) reading has been calculated as 70.69%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 1.23.

Analyst Ratings

GSI Technology Inc. (GSIT) has been rated Hold by analysts. According to 0 brokerage firms, GSIT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate GSI Technology Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $8.00, the current consensus forecast for the stock is $8.00 – $8.00. Based on these forecasts, analysts predict GSI Technology Inc. (GSIT) will achieve an average price target of $8.00.


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