In the last trading session, 3.07 million shares of the GSI Technology Inc (NASDAQ:GSIT) were traded, and its beta was 0.99. Most recently the company’s share price was $3.52, and it changed around -$0.43 or -10.89% from the last close, which brings the market valuation of the company to $89.71M. GSIT currently trades at a discount to its 52-week high of $6.02, offering almost -71.02% off that amount. The share price’s 52-week low was $1.88, which indicates that the current value has risen by an impressive 46.59% since then. We note from GSI Technology Inc’s average daily trading volume that its 10-day average is 8.96 million shares, with the 3-month average coming to 1.58 million.
GSI Technology Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended GSIT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. GSI Technology Inc is expected to report earnings per share of 0 for the current quarter.
GSI Technology Inc (NASDAQ:GSIT) trade information
Instantly GSIT has showed a red trend with a performance of -10.89% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.90 on recent trading dayincreased the stock’s daily price by 28.16%. The company’s shares are currently up 16.17% year-to-date, but still up 27.54% over the last five days. On the other hand, GSI Technology Inc (NASDAQ:GSIT) is 29.41% up in the 30-day period. We can see from the shorts that 0.37 million shares have been sold at a short interest cover period of 2.42 day(s).
GSIT Dividends
GSI Technology Inc’s next quarterly earnings report is expected to be released in February.
GSI Technology Inc (NASDAQ:GSIT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 21.10% of GSI Technology Inc shares, and 13.26% of them are in the hands of institutional investors. The stock currently has a share float of 16.81%. GSI Technology Inc stock is held by 41.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.3772% of the shares, which is about 0.85 million shares worth $2.25 million.
SILVERBERG BERNSTEIN CAPITAL MANAGEMENT LLC, with 1.8532% or 0.47 million shares worth $1.23 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 574.55 shares worth $2.02 million, making up 2.25% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 241.89 shares worth around $0.85 million, which represents about 0.95% of the total shares outstanding.
