Everspin Tech (NASDAQ:MRAM - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $13.00 million for the quarter.
Everspin Tech Trading Down 2.8%
MRAM stock traded down $0.18 during mid-day trading on Friday, reaching $6.36. The company's stock had a trading volume of 41,490 shares, compared to its average volume of 225,035. The company has a market cap of $142.91 million, a price-to-earnings ratio of -318.00 and a beta of 0.20. The business's 50 day moving average price is $6.28 and its 200 day moving average price is $5.83. Everspin Tech has a 12 month low of $4.34 and a 12 month high of $7.08.
Insider Buying and Selling
In other news, CEO Sanjeev Aggarwal sold 12,677 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $6.82, for a total transaction of $86,457.14. Following the completion of the sale, the chief executive officer owned 595,029 shares in the company, valued at $4,058,097.78. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David Schrenk sold 20,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $5.70, for a total value of $114,000.00. Following the sale, the vice president owned 114,119 shares of the company's stock, valued at approximately $650,478.30. This represents a 14.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,793 shares of company stock valued at $334,425. 6.90% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Everspin Tech
A hedge fund recently raised its stake in Everspin Tech stock. Rhumbline Advisers increased its stake in shares of Everspin Tech (NASDAQ:MRAM - Free Report) by 55.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,835 shares of the business services provider's stock after buying an additional 13,086 shares during the quarter. Rhumbline Advisers owned 0.16% of Everspin Tech worth $188,000 at the end of the most recent quarter. Institutional investors and hedge funds own 44.68% of the company's stock.
Analysts Set New Price Targets
Separately, Needham & Company LLC started coverage on Everspin Tech in a report on Thursday, May 1st. They issued a "buy" rating for the company.
View Our Latest Stock Analysis on Everspin Tech
About Everspin Tech
(
Get Free Report)
Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.
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