EVERSPIN TECH (NASDAQ:MRAM - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.020-0.070 for the period, compared to the consensus EPS estimate of 0.045. The company issued revenue guidance of $13.5 million-$14.5 million, compared to the consensus revenue estimate of $13.7 million.
Wall Street Analysts Forecast Growth
MRAM has been the subject of a number of recent research reports. Wall Street Zen upgraded EVERSPIN TECH from a "hold" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC began coverage on EVERSPIN TECH in a research note on Thursday, May 1st. They set a "buy" rating for the company.
Read Our Latest Analysis on MRAM
EVERSPIN TECH Price Performance
Shares of MRAM stock traded up $0.02 during trading hours on Monday, hitting $6.00. 29,971 shares of the company's stock were exchanged, compared to its average volume of 112,008. The stock's 50-day moving average is $6.32 and its 200-day moving average is $5.80. The stock has a market cap of $135.61 million, a price-to-earnings ratio of 85.64 and a beta of 0.13. EVERSPIN TECH has a 52 week low of $4.34 and a 52 week high of $7.08.
Insiders Place Their Bets
In other EVERSPIN TECH news, CEO Sanjeev Aggarwal sold 17,327 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $6.47, for a total value of $112,105.69. Following the transaction, the chief executive officer owned 607,706 shares of the company's stock, valued at approximately $3,931,857.82. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 35,150 shares of company stock valued at $228,703 over the last quarter. Corporate insiders own 6.90% of the company's stock.
Institutional Investors Weigh In On EVERSPIN TECH
An institutional investor recently raised its position in EVERSPIN TECH stock. Rhumbline Advisers boosted its position in EVERSPIN TECH (NASDAQ:MRAM - Free Report) by 55.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,835 shares of the business services provider's stock after buying an additional 13,086 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of EVERSPIN TECH worth $188,000 as of its most recent filing with the SEC. 44.68% of the stock is currently owned by hedge funds and other institutional investors.
EVERSPIN TECH Company Profile
(
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.
Recommended Stories
Before you consider EVERSPIN TECH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EVERSPIN TECH wasn't on the list.
While EVERSPIN TECH currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
