2021 had been a fairly good year for Netlist Inc(OTCMKTS: NLST), and the stock had performed well. However, after having soared considerably last year, the situation has changed quite dramatically for the Netlist Inc stock and its investors. Throughout 2022 so far, the stock has declined sharply and has recorded losses of as much as 34% so far.
In light of such a sharp decline, it could well be the right time for investors to ponder if the stock is going to continue to slide or if a recovery might be around the corner. In this situation, it may be the right time for investors to consider taking a look at a major development from back in January.
Netlist Expands NVMe(TM) SSD Product Line
At the time the company announced the much-anticipated launch of its PCIe Gen4 NVMe™ N1563 Series lines of SSDs and it was a major new development considering the fact that it expanded the line of offerings from the Netlist’s Gen4 NVM offerings.
The company announced at the time that the new line of SSD delivers exceptional performance. More importantly, it helps with shorter lead times and that is a particularly important factor for enterprises that might be interested in these SSDs. In addition to that, shorter lead times are also helpful for specific requirements in relation to cloud design.
The development was a significant one for the company and it is something that investors could keep in mind when considering the stock. If the latest SSD product does manage to do well commercially then it could lead to a boost in the company’s earnings and perhaps help with any kind of rebound that the stock might have.
At this point in time, it could be a sound move for investors to keep the Netlist stock in their watch lists and watch for the latest developments before making any moves one way or another.
Disclaimer: We hold no shares of NLST stock