Netlist Inc (NLST) stock Rockets 1100% YTD: Will it Hit $20?
Investors are often known to be more interested in stocks that might have recorded considerable gains over a reasonable period of time and by that token, it might be a good idea for investors to possibly take a look at the Netlist Inc (OTCMKTS:NLST) stock.
The stock has been one of the more notable performers this year so far and over the course of the past six months alone, it has managed to record gains of as much as 1100%. As a matter of fact, the stock was actually on the move on Monday as well and delivered gains of 7%. There was no news about the company on Monday but it might be a good time to mention that last week the company had announced the signing of Securities Purchase Agreement with the firm Lincoln Park Capital Inc.
As per the provisions of the agreement between the two parties, Lincoln Park is going to acquire shares in Netlist over a period of the next 36 months for a total value of $17400000. The 36 month period stipulated in the agreement already begun on July 12, 2021, and in addition to that, Netlist also signed a registration rights agreement with Lincoln Park. The latest development in relation to Netlist seems to have come as a source of excitement among investors and it is going to be interesting to see if the stock can continue to hold on to its momentum over the course of the coming days.
Netlist Inc (NLST) Stock Soars 140% in a Month: More to Come?
There are thousands of investors who are highly interested in micro-cap stocks and it is not surprising considering the enormous gains these stocks can often generate. One of the stocks from that category that has made an enormous run up the charts in recent days is that of Netlist Inc (OTCMKTS:NLST).
Over the course of the past month alone, the stock has managed to record gains of as much as 140% and in light of such gains, it might be a good idea to look into Netlist Inc a bit more closely. One of the more important things to point out with regards to the rally in the Netlist stock is the fact that the trading volumes have also gone up considerably as more and more investors piled on to it.
The powerful run could also be an indication of the fact that there might be important developments in the near future and that is another reason why investors need to keep a keen eye on Netlist.
The fortunes of the company actually changed last year after the United States Patent Trial and Appeal Board upheld the validity of one of the company’s patents for application in memory modules of DDR servers. At the time, many thought the stock was going to correct sharply but that never happened and the Netlist stock continued to move up. In this situation, it is going to be interesting to see if the Netlist stock can continue to hold on to its momentum over the coming days.