Everspin Tech (NASDAQ:MRAM - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.020-0.070 for the period, compared to the consensus earnings per share 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.
Everspin Tech Stock Performance
Shares of Everspin Tech stock traded down $0.05 during trading hours on Friday, hitting $5.98. The company's stock had a trading volume of 72,816 shares, compared to its average volume of 91,654. Everspin Tech has a twelve month low of $4.34 and a twelve month high of $7.08. The firm has a fifty day moving average of $6.32 and a 200-day moving average of $5.81. The stock has a market cap of $135.27 million, a price-to-earnings ratio of 85.43 and a beta of 0.13.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on MRAM shares. Wall Street Zen raised Everspin Tech from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC started coverage on Everspin Tech in a research note on Thursday, May 1st. They set a "buy" rating on the stock.
Get Our Latest Analysis on Everspin Tech
Insider Buying and Selling
In other Everspin Tech news, CEO Sanjeev Aggarwal sold 17,327 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $6.47, for a total transaction of $112,105.69. Following the transaction, the chief executive officer directly owned 607,706 shares in the company, valued at $3,931,857.82. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 35,150 shares of company stock worth $228,703 in the last 90 days. 6.90% of the stock is owned by corporate insiders.
Institutional Trading of Everspin Tech
An institutional investor recently raised its position in Everspin Tech stock. Rhumbline Advisers boosted its holdings in Everspin Tech (NASDAQ:MRAM - Free Report) by 55.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent quarter. Institutional investors own 44.68% of the company's stock.
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.
Read More
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
