Everspin Technologies (MRAM) Projected to Post Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect Everspin Technologies to post earnings of ($0.03) per share and revenue of $12.50 million for the quarter. Everspin Technologies has set its Q1 2025 guidance at -0.050-0.000 EPS.

Everspin Technologies (NASDAQ:MRAM - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $13.20 million for the quarter, compared to analyst estimates of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Everspin Technologies Price Performance

MRAM traded down $0.10 during trading on Monday, reaching $5.38. 33,516 shares of the stock traded hands, compared to its average volume of 123,082. Everspin Technologies has a fifty-two week low of $4.34 and a fifty-two week high of $7.63. The stock's 50-day simple moving average is $5.22 and its two-hundred day simple moving average is $5.86. The stock has a market cap of $120.25 million, a price-to-earnings ratio of 89.67 and a beta of 0.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Everspin Technologies from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

Insider Buying and Selling at Everspin Technologies

In related news, CEO Sanjeev Aggarwal sold 16,845 shares of Everspin Technologies stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $5.00, for a total transaction of $84,225.00. Following the completion of the transaction, the chief executive officer now directly owns 637,983 shares of the company's stock, valued at $3,189,915. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 54,422 shares of company stock valued at $285,429 in the last quarter. Corporate insiders own 6.90% of the company's stock.

About Everspin Technologies

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.