NASDAQ:MRAM

Everspin Technologies (MRAM) Stock Forecast, Price & News

$9.83

0.00 (0.00%)

(As of 09/29/2023 ET)

Compare

Today's Range: $9.71
▼
$9.96
50-Day Range: $9.05
▼
$10.41
52-Week Range: $4.95
▼
$10.50

Volume: 31,552 shs
Average Volume: 54,226 shs
Market Capitalization: $204.46 million

P/E Ratio: 29.79
Dividend Yield: N/A
Price Target: $12.00

Everspin Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.1% Upside
$12.00 Price Target
Short Interest: Healthy
1.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 4 Articles This Week
Insider Trading: Selling Shares
$869,263 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Business Services Sector

220th out of 320 stocks

Semiconductors & Related Devices Industry

70th out of 88 stocks

2.5

Analyst's Opinion

Consensus Rating
Everspin Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.00, Everspin Technologies has a forecasted upside of 22.1% from its current price of $9.83.
Amount of Analyst Coverage
Everspin Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.01% of the float of Everspin Technologies has been sold short.
Short Interest Ratio / Days to Cover
Everspin Technologies has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Everspin Technologies has recently increased by 2.13%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Everspin Technologies does not currently pay a dividend.
Dividend Growth
Everspin Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRAM.

2.6

News and Social Media Coverage

News Sentiment
Everspin Technologies has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Everspin Technologies this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for MRAM on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
92 people have added Everspin Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 4,500% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Everspin Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $869,263.00 in company stock.
Percentage Held by Insiders
Only 5.00% of the stock of Everspin Technologies is held by insiders.
Percentage Held by Institutions
42.72% of the stock of Everspin Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Everspin Technologies is 29.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Everspin Technologies is 29.79, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 35.43.
Price to Book Value per Share Ratio
Everspin Technologies has a P/B Ratio of 5.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Everspin Technologies (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, Germany, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products. The company provides its products for applications, including industrial, medical, automotive/transportation, aerospace, and data center markets. It serves original equipment manufacturers, contract manufacturers, and original design manufacturers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.

MRAM Price History

30 days | 90 days | 365 days | Advanced Chart

MRAM Stock News Headlines

September 28, 2023 | stocknews.com

Taiwan Semiconductor Manufacturing (TSM) - October Buy, Sell or Hold?

September 26, 2023 | americanbankingnews.com

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk Sells 1,546 Shares

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”

September 22, 2023 | americanbankingnews.com

StockNews.com Lowers Everspin Technologies (NASDAQ:MRAM) to Buy

September 14, 2023 | stocknews.com

Analyzing the Potential of NVIDIA (NVDA) as a Stock Buy

August 31, 2023 | msn.com

Everspin Technologies (MRAM) Price Target Increased by 9.09% to 12.24

August 24, 2023 | businesswire.com

Everspin Technologies to Participate in the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29-30

August 3, 2023 | msn.com

Everspin Technologies: Not As Confident After Q2 Earnings (Rating Downgrade)

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

August 3, 2023 | msn.com

Needham Reiterates Everspin Technologies (MRAM) Buy Recommendation

August 3, 2023 | finance.yahoo.com

Everspin Reports Unaudited Second Quarter 2023 Financial Results

August 3, 2023 | finance.yahoo.com

Everspin to Provide Industry Insights on Automotive and Chiplet Panels at Flash Memory Summit

August 2, 2023 | stocknews.com

3 Quality Chip Stocks to Consider This August

August 1, 2023 | finance.yahoo.com

Is Everspin Technologies, Inc.'s (NASDAQ:MRAM) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

July 19, 2023 | finance.yahoo.com

Everspin to Host Second Quarter 2023 Earnings Call on August 2, 2023

July 6, 2023 | fool.com

Everspin Technologies (NASDAQ: MRAM)

July 6, 2023 | msn.com

Everspin Technologies (MRAM) Price Target Increased by 10.00% to 11.22

July 2, 2023 | finance.yahoo.com

Investors more bullish on Everspin Technologies (NASDAQ:MRAM) this week as stock jumps 12%, despite earnings trending downwards over past year

June 20, 2023 | finance.yahoo.com

Everspin Announces Participation in 15th Annual CEO Investor Summit 2023

June 2, 2023 | finance.yahoo.com

Retail investors who hold 43% of Everspin Technologies, Inc. (NASDAQ:MRAM) gained 13%, institutions profited as well

May 16, 2023 | marketwatch.com

Magneto Resistive RAM (MRAM) Market Size and volume sale report 2023

May 15, 2023 | marketwatch.com

Global Magneto Resistive RAM (MRAM) Market Analysis of New Report 2023-2030

May 12, 2023 | msn.com

Everspin Technologies Should Benefit From The Fast-Growing MRAM Market

May 4, 2023 | marketwatch.com

8-K: EVERSPIN TECHNOLOGIES INC

May 4, 2023 | finance.yahoo.com

Q1 2023 Everspin Technologies Inc Earnings Call

May 3, 2023 | msn.com

Everspin Technologies: Q1 Earnings Insights

May 3, 2023 | finance.yahoo.com

Everspin Reports Unaudited First Quarter 2023 Financial Results

See More Headlines

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MRAM Company Calendar

Last Earnings: 8/02/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:MRAM
CUSIP: N/A
CIK: 1438423
Web: www.everspin.com
Phone: (480) 347-1111
Fax: N/A
Employees: 74
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.00
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +22.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.33
Trailing P/E Ratio: 29.79
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $6.13 million
Net Margins: 11.65%
Pretax Margin: 11.68%
Return on Equity: 17.69%
Return on Assets: 13.11%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 7.94
Quick Ratio: 6.72

Sales & Book Value

Annual Sales: $59.99 million
Price / Sales: 3.41
Cash Flow: $0.35 per share
Price / Cash Flow: 28.12
Book Value: $1.90 per share
Price / Book: 5.17

Miscellaneous

Outstanding Shares: 20,800,000
Free Float: 19,760,000
Market Cap: $204.46 million
Optionable: Not Optionable
Beta: 1.28

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Key Executives

Dr. Sanjeev Aggarwal Ph.D. (Age 56)
Pres, CEO & Director
Comp: $961.87k

Mr. Anuj Aggarwal (Age 43)
Chief Financial Officer
Comp: $637.73k

Mr. Amit Shah
VP of Operations

Mr. Kerry Nagel
VP of Technology

Mr. David Schrenk (Age 47)
VP of Sales & Bus. Devel.

Ms. Aparna Oka
Corp. Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MRAM Stock - Frequently Asked Questions

Should I buy or sell Everspin Technologies stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRAM shares.
View MRAM analyst ratings or view top-rated stocks.
What is Everspin Technologies' stock price forecast for 2023?: 1 analysts have issued 1 year price targets for Everspin Technologies' stock. Their MRAM share price forecasts range from $12.00 to $12.00. On average, they predict the company's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for MRAM or view top-rated stocks among Wall Street analysts.
How have MRAM shares performed in 2023?: Everspin Technologies' stock was trading at $5.56 at the beginning of 2023. Since then, MRAM stock has increased by 76.8% and is now trading at $9.83.
View the best growth stocks for 2023 here.
When is Everspin Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our MRAM earnings forecast.
How were Everspin Technologies' earnings last quarter?: Everspin Technologies, Inc. (NASDAQ:MRAM) announced its quarterly earnings results on Wednesday, August, 2nd. The business services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.03 by $0.15. The business services provider had revenue of $15.75 million for the quarter. Everspin Technologies had a trailing twelve-month return on equity of 17.69% and a net margin of 11.65%.
What guidance has Everspin Technologies issued on next quarter's earnings?: Everspin Technologies issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.01-$0.06 for the period, compared to the consensus EPS estimate of $0.06. The company issued revenue guidance of $15.40 million-$16.40 million, compared to the consensus revenue estimate of $15.40 million.

What is Kevin Conley's approval rating as Everspin Technologies' CEO?: 5 employees have rated Everspin Technologies Chief Executive Officer Kevin Conley on Glassdoor.com. Kevin Conley has an approval rating of 79% among the company's employees.
What other stocks do shareholders of Everspin Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Everspin Technologies investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Block (SQ), Editas Medicine (EDIT), Freeport-McMoRan (FCX), CRISPR Therapeutics (CRSP), Akoustis Technologies (AKTS), Lumentum (LITE) and Plug Power (PLUG).
When did Everspin Technologies IPO?: (MRAM) raised $46 million in an initial public offering on Friday, October 7th 2016. The company issued 3,800,000 shares at a price of $11.00-$13.00 per share. Stifel and Needham & Company served as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.
What is Everspin Technologies' stock symbol?: Everspin Technologies trades on the NASDAQ under the ticker symbol "MRAM."
How do I buy shares of Everspin Technologies?: Shares of MRAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Everspin Technologies' stock price today?: One share of MRAM stock can currently be purchased for approximately $9.83.
How much money does Everspin Technologies make?: Everspin Technologies (NASDAQ:MRAM) has a market capitalization of $204.46 million and generates $59.99 million in revenue each year. The business services provider earns $6.13 million in net income (profit) each year or $0.33 on an earnings per share basis.
How can I contact Everspin Technologies?: Everspin Technologies' mailing address is 5670 W. CHANDLER BOULEVARD SUITE 100, CHANDLER AZ, 85226. The official website for the company is www.everspin.com. The business services provider can be reached via phone at (480) 347-1111.

This page (NASDAQ:MRAM) was last updated on 10/1/2023 by MarketBeat.com Staff

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