NASDAQ:MRAM - Everspin Technologies Stock Price, Price Target & More

Everspin Technologies trades on the NASDAQ under the ticker symbol "MRAM."

Everspin Technologies (NASDAQ:MRAM) issued its quarterly earnings results on Friday, May, 11th. The business services provider reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.33. The business services provider had revenue of $14.85 million for the quarter, compared to analyst estimates of $9.60 million. Everspin Technologies had a negative return on equity of 80.66% and a negative net margin of 38.03%. The company's quarterly revenue was up 88.5% compared to the same quarter last year. During the same period last year, the company earned ($0.35) earnings per share. View Everspin Technologies' Earnings History.

Everspin Technologies is scheduled to release their next quarterly earnings announcement on Thursday, August, 9th 2018. View Earnings Estimates for Everspin Technologies.

Everspin Technologies updated its second quarter earnings guidance on Wednesday, May, 9th. The company provided EPS guidance of ($0.45-0.41) for the period, compared to the Thomson Reuters consensus estimate of ($0.32). The company issued revenue guidance of $10.9-11.3 million, compared to the consensus revenue estimate of $10.77 million.

3 brokerages have issued twelve-month target prices for Everspin Technologies' stock. Their predictions range from $13.00 to $15.00. On average, they anticipate Everspin Technologies' share price to reach $14.00 in the next year. View Analyst Ratings for Everspin Technologies.

Some companies that are related to Everspin Technologies include NVE (NVEC), Aquantia (AQ), Magnachip (MX), Alpha and Omega Semiconductor (AOSL), JA Solar (JASO), NeoPhotonics (NPTN), DSP Group (DSPG), AXT (AXTI), Kopin (KOPN), Sigma Designs (SIGM), Adesto Technologies (IOTS), Sequans Communications (SQNS), GSI Technology (GSIT), Pixelworks (PXLW) and EMCORE (EMKR).

(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 acted as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.

Media stories about MRAM stock have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Everspin Technologies earned a news sentiment score of 0.15 on Accern's scale. They also assigned headlines about the business services provider an impact score of 49.00 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Everspin Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include AWM INVESTMENT COMPANY, INC. (6.70%), Handelsbanken Fonder AB (2.91%), Handelsbanken Fonder AB (2.91%), Employees Retirement System of Texas (1.77%), Royal Bank of Canada (1.36%) and Unterberg Capital LLC (0.83%). Company insiders that own Everspin Technologies stock include Kevin Conley, Michael B Gustafson, Nvpg Iv, Llc, Peter Hebert and Thomas Andre. View Institutional Ownership Trends for Everspin Technologies.

MRAM stock was acquired by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Handelsbanken Fonder AB, Unterberg Capital LLC, Employees Retirement System of Texas, Millennium Management LLC, King Luther Capital Management Corp, Stifel Financial Corp and Royal Bank of Canada. Company insiders that have bought Everspin Technologies stock in the last two years include Kevin Conley, Michael B Gustafson, Nvpg Iv, Llc and Peter Hebert. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of MRAM stock can currently be purchased for approximately $8.00.

Everspin Technologies has a market capitalization of $130.89 million and generates $35.94 million in revenue each year. The business services provider earns $-21,100,000.00 in net income (profit) each year or ($1.69) on an earnings per share basis. Everspin Technologies employs 90 workers across the globe.

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.