Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems. The company provides its products for applications, including data center, industrial, automotive, transportation, and enterprise storage markets.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
Phone480-347-1111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$49.42 million
Profitability
Miscellaneous
Employees95
Next Earnings Date11/14/2019 (Estimated)
OptionableNot Optionable
Everspin Technologies (NASDAQ:MRAM) Frequently Asked Questions
What is Everspin Technologies' stock symbol?
Everspin Technologies trades on the NASDAQ under the ticker symbol "MRAM."
How were Everspin Technologies' earnings last quarter?
Everspin Technologies Inc (NASDAQ:MRAM) announced its quarterly earnings data on Wednesday, August, 7th. The business services provider reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.25) by $0.04. The business services provider earned $8.60 million during the quarter, compared to analyst estimates of $8.40 million. Everspin Technologies had a negative net margin of 22.86% and a negative return on equity of 41.98%. The firm's revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period last year, the business earned ($0.40) EPS. View Everspin Technologies' Earnings History.
When is Everspin Technologies' next earnings date?
What guidance has Everspin Technologies issued on next quarter's earnings?
Everspin Technologies issued an update on its third quarter earnings guidance on Wednesday, August, 7th. The company provided earnings per share guidance of ($0.21)-(0.17) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.25). The company issued revenue guidance of $8.5-9 million, compared to the consensus revenue estimate of $9.50 million.
What price target have analysts set for MRAM?
1 brokers have issued 1 year price objectives for Everspin Technologies' shares. Their predictions range from $14.00 to $14.00. On average, they anticipate Everspin Technologies' stock price to reach $14.00 in the next year. This suggests a possible upside of 157.4% from the stock's current price. View Analyst Price Targets for Everspin Technologies.
What is the consensus analysts' recommendation for Everspin Technologies?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Everspin Technologies.
What are Wall Street analysts saying about Everspin Technologies stock?
Here are some recent quotes from research analysts about Everspin Technologies stock:
- 1. According to Zacks Investment Research, "Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. " (7/18/2019)
- 2. Needham & Company LLC analysts commented, "Everspin is up ~35% over the past two days on news that Intel was integrating embedded MRAM into its 22nm FinFET CMOS technology on full 300mm wafers. We don’t know if Intel is using the Everspin’s technology but Intel’s decision certainly validates the MRAM technology, which has been the crux of the investment theme. Everspin has a licensing agreement with Global Foundries to embedded MRAM on its 22nm FD-SOI technology. We believe the major MCU suppliers will eventually replace eFlash with MRAM targeting IoT and automotive applications as it has higher endurance and faster write cycles." (2/20/2019)
Has Everspin Technologies been receiving favorable news coverage?
News articles about MRAM stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Everspin Technologies earned a coverage optimism score of -1.5 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Everspin Technologies.
Are investors shorting Everspin Technologies?
Everspin Technologies saw a decrease in short interest in the month of September. As of September 15th, there was short interest totalling 535,100 shares, a decrease of 6.3% from the August 15th total of 570,900 shares. Based on an average trading volume of 75,500 shares, the days-to-cover ratio is currently 7.1 days. Currently, 4.7% of the shares of the company are sold short. View Everspin Technologies' Current Options Chain.
Who are some of Everspin Technologies' key competitors?
Some companies that are related to Everspin Technologies include DSP Group (DSPG), NVE (NVEC), Alpha and Omega Semiconductor (AOSL), NeoPhotonics (NPTN), Adesto Technologies (IOTS), Applied Optoelectronics (AAOI), GSI Technology (GSIT), Pixelworks (PXLW), AXT (AXTI), EMCORE (EMKR), Sequans Communications (SQNS), POET Technologies (POETF), Resonant (RESN), ReneSola (SOL) and Intermolecular (IMI).
What other stocks do shareholders of Everspin Technologies own?
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 62)
- Mr. Jeffrey G. Winzeler, CFO & Sec. (Age 59)
- Mr. Angelo V. Ugge, VP of Bus. Devel. & Operations (Age 72)
- Mr. Norman L. Armour, VP of Operations (Age 61)
- Dr. Sanjeev Aggarwal, VP of Technology R&D (Age 52)
When did Everspin Technologies IPO?
(MRAM) raised $46 million in an IPO on Friday, October 7th 2016. The company issued 3,800,000 shares at $11.00-$13.00 per share. Stifel and Needham & Company acted as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.
How do I buy shares of Everspin Technologies?
Shares of MRAM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Everspin Technologies' stock price today?
One share of MRAM stock can currently be purchased for approximately $5.44.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $93.30 million and generates $49.42 million in revenue each year. The business services provider earns $-17,750,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis. Everspin Technologies employs 95 workers across the globe.View Additional Information About Everspin Technologies.
What is Everspin Technologies' official website?
How can I contact Everspin Technologies?
Everspin Technologies' mailing address is 5670 W. CHANDLER BOULEVARD SUITE 100, CHANDLER AZ, 85226. The business services provider can be reached via phone at 480-347-1111.
MarketBeat Community Rating for Everspin Technologies (NASDAQ MRAM)
MarketBeat's community ratings are surveys of what our community members think about Everspin Technologies and other stocks. Vote "Outperform" if you believe MRAM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRAM will underperform the S&P 500 over the long term. You may vote once every thirty days.
