GSI Technology Inc (NASDAQ: GSIT) stock suffered a major decline of -10.1% on 10/17/24. The shares closed at $3.55. Moreover, this decline was accompanied by exceptionally high trading volume at 247% of normal. The stock has performed in line with the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
GSIT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
GSI Technology has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. GSI Technology has a neutral Power Rating of 43 but a very low Appreciation Score of 7, triggering the Lowest Value Trend Rating.
Rating Review
In light of this highly negative 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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