Boom Or Bust: Where Does GSI Technology Inc (NASDAQ: GSIT) Stock Go From Here?

During the last session, GSI Technology Inc (NASDAQ:GSIT)’s traded shares were 0.43 million, with the beta value of the company hitting 0.97. At the end of the trading day, the stock’s price was $3.50, reflecting an intraday gain of 7.36% or $0.24. The 52-week high for the GSIT share is $6.02, that puts it down -72.0 from that peak though still a striking 46.29% gain since the share price plummeted to a 52-week low of $1.88. The company’s market capitalization is $89.20M, and the average intraday trading volume over the past 10 days was 0.19 million shares, and the average trade volume was 177.02K shares over the past three months.

GSI Technology Inc (NASDAQ:GSIT) trade information

GSI Technology Inc (GSIT) registered a 7.36% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.36% in intraday trading to $3.50, hitting a weekly high. The stock’s 5-day price performance is 11.11%, and it has moved by 16.28% in 30 days. Based on these gigs, the overall price performance for the year is 37.25%. The short interest in GSI Technology Inc (NASDAQ:GSIT) is 0.58 million shares and it means that shorts have 4.01 day(s) to cover.

GSIT Dividends

GSI Technology Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

GSI Technology Inc insiders own 21.10% of total outstanding shares while institutional holders control 13.22%, with the float percentage being 16.76%. VANGUARD GROUP INC is the largest shareholder of the company, while 41.0 institutions own stock in it. As of 2024-06-30, the company held over 0.85 million shares (or 3.3772% of all shares), a total value of $2.25 million in shares.

The next largest institutional holding, with 0.47 million shares, is of SILVERBERG BERNSTEIN CAPITAL MANAGEMENT LLC’s that is approximately 1.8532% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.23 million.

Also, the Mutual Funds coming in first place with the largest holdings of GSI Technology Inc (GSIT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 574.55 shares. This amounts to just over 2.25 percent of the company’s overall shares, with a $2.01 million market value. The same data shows that the other fund manager holds slightly less at 241.89, or about 0.95% of the stock, which is worth about $0.85 million.