On 3/6/24, GSI Technology Inc (NASDAQ: GSIT) stock enjoyed a major increase of 16.0%, closing at $4.14. Moreover, trading volume in this advance was unusually high at 164% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 21.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, GSIT is expected to be Value Creation neutral.
GSI Technology has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. GSI Technology has a very low Appreciation Score of 8 and a very low Power Rating of 8, and the Lowest Value Trend Rating results.
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.
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