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GSI Technology Inc (NASDAQ:GSIT) 38.03% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, GSI Technology Inc (NASDAQ:GSIT) saw 0.3 million shares changing hands with its beta currently measuring 0.81. Company’s recent per share price level of $2.34 trading at $0.12 or 5.41% at ring of the bell on the day assigns it a market valuation of $59.20M. That closing price of GSIT’s stock is at a discount of -318.8% from its 52-week high price of $9.80 and is indicating a premium of 38.03% from its 52-week low price of $1.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.23 million shares which gives us an average trading volume of 268.91K if we extend that period to 3-months.

GSI Technology Inc (NASDAQ:GSIT) trade information

Upright in the green during last session for gaining 5.41%, in the last five days GSIT remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $2.34 price level, adding 1.68% to its value on the day. GSI Technology Inc’s shares saw a change of -11.36% in year-to-date performance and have moved 10.38% in past 5-day. GSI Technology Inc (NASDAQ:GSIT) showed a performance of -0.43% in past 30-days. Number of shares sold short was 0.41 million shares which calculate 1.35 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.34% during past 5 years.

GSIT Dividends

GSI Technology Inc is more likely to be releasing its next quarterly report between January 24 and January 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

GSI Technology Inc (NASDAQ:GSIT)’s Major holders

Insiders are in possession of 29.38% of company’s total shares while institution are holding 19.28 percent of that, with stock having share float percentage of 27.30%. Investors also watch the number of corporate investors in a company very closely, which is 19.28% institutions for GSI Technology Inc that are currently holding shares of the company. AIGH Capital Management LLC is the top institutional holder at GSIT for having 2.0 million shares of worth $4.68 million. And as of Sep 29, 2023, it was holding 7.91% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 0.73 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 2.89% of outstanding shares, having a total worth of $1.71 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.48 million shares of worth $1.13 million or 1.90% of the total outstanding shares. The later fund manager was in possession of 0.22 million shares on Sep 29, 2023, making its stake of worth around $0.51 million in the company or a holder of 0.86% of company’s stock.

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