How Does The Future Look For ITT Educational Services, Inc. (ESI) and Netlist, Inc. (NLST)?
New York, NY – GDP INSIDER – 04/27/2014.
This article discusses two companies: ITT Educational Services, Inc. (NYSE:ESI) and Netlist, Inc. (NASDAQ:NLST)
ITT Educational Services, Inc. (NYSE:ESI) continued to fall on Friday with the stock closed down another 2.394% after losing $0.15 to finish the day at a new closing price of $6.13 on low trading volume of 0.219 million, compared to its three month average trading volume of 0.0.338 million. The stock is trading 13.63% below its 50 day moving average of $7.07 and 28.03% away from its 200 day moving average of $8.47. However, the US-based postsecondary degree programs provider is trading 67.49% above its 52 week low of $3.66. Over the past one week and over the past one month, the stock has lost 0.65% and 14.27%, respectively. ITT Educational Services, Inc has been vastly underperforming the S&P 500 over the past one year with the stock down 77.78% compared to the index which is up 12.70% over the same period. With RSI of 35.80 and one year price target estimate of $9.75, the stock has plenty of upside potential, making it a hold for now with a view to buy.
Netlist, Inc. (NASDAQ:NLST) gained two cents to finish the day at a closing price of $0.57, an 3.37% increase in value from its previous closing price. The $28.70 million market cap company had a low trading volume of 0.503 million on Friday, a figure which is lower than its three month average trading volume of 0.0.631 million. Over the past one month and over the past three months, the shares of Netlist, Inc have lost 16.07% and 62.75%, respectively. Not only that, but Netlist, Inc has also been vastly underperforming the S&P 500 over the past one year, with the stock down 66.86% compared to the index which has gained 12.70% over the same period. The company is currently undervalued with an RSI of 30.22 and should mean that share price will rebound over the near term, making it a good opportunity to buy, although it is unlikely to meet its one year target estimate of $2.00 anytime soon.
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