Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets. It serves customers 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.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
Phone480-347-1111
Debt
Current Ratio2.95
Quick Ratio2.36
Price-To-Earnings
Sales & Book Value
Annual Sales$35.94 million
Price / Sales3.09
Price / Cash FlowN/A
Price / Book7.64
Profitability
Net Income$-21,100,000.00
Net Margins-37.90%
Return on Assets-37.39%
Miscellaneous
Employees90
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) posted its quarterly earnings data on Thursday, November, 8th. The business services provider reported ($0.33) EPS for the quarter, topping the Zacks' consensus estimate of ($0.34) by $0.01. The business services provider had revenue of $11.52 million for the quarter, compared to analyst estimates of $10.80 million. Everspin Technologies had a negative return on equity of 67.47% and a negative net margin of 37.90%. The firm's quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.43) earnings per share. 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 updated its fourth quarter earnings guidance on Thursday, November, 8th. The company provided earnings per share guidance of $(0.22)-(0.18) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.30). The company issued revenue guidance of $11.8-12.2 million, compared to the consensus revenue estimate of $11.73 million.
What price target have analysts set for MRAM?
2 Wall Street analysts have issued 1 year price targets for Everspin Technologies' shares. Their forecasts range from $13.00 to $14.00. On average, they anticipate Everspin Technologies' share price to reach $13.50 in the next twelve months. This suggests a possible upside of 108.0% from the stock's current price. View Analyst Price Targets for Everspin Technologies.
What is the consensus analysts' recommendation for Everspin Technologies?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last year. There are currently 2 buy ratings 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. " (1/9/2019)
- 2. Needham & Company LLC analysts commented, "We maintain our $14 PT . Entering into 3Q, MRAM experienced less wafer output from its 200mm fab as yields were below normal. The product mix shifted to auto/industrial which require additional testing and constrain their ability meet demand. We expect a gradual improvement in yields in 3Q and ramp further in 4Q as capacity comes online. Net, with the IBM 9100 FlashSystem ramping and consistent Y/Y growth in core Toggle (+40% Y/Y), we believe MRAM remains a long-term play on disruptive memory technology." (8/9/2018)
Has Everspin Technologies been receiving favorable news coverage?
Media stories about MRAM stock have trended very positive on Wednesday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Everspin Technologies earned a coverage optimism score of 3.7 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of Everspin Technologies' key competitors?
Some companies that are related to Everspin Technologies include Ichor (ICHR), Ultra Clean (UCTT), JinkoSolar (JKS), NeoPhotonics (NPTN), Applied Optoelectronics (AAOI), Aquantia (AQ), Daqo New Energy (DQ), DSP Group (DSPG), Alpha and Omega Semiconductor (AOSL), Magnachip Semiconductor (MX), AXT (AXTI), Adesto Technologies (IOTS), GSI Technology (GSIT), EMCORE (EMKR) and Pixelworks (PXLW).
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 61)
- Mr. Jeffrey G. Winzeler, CFO & Sec. (Age 58)
- Mr. Angelo V. Ugge, VP of Bus. Devel. & Operations (Age 71)
- Mr. Norman L. Armour, VP of Operations (Age 60)
- Mr. Jim Everett, VP of HR
When did Everspin Technologies IPO?
(MRAM) raised $46 million in an initial public offering (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, Scottrade, Fidelity and Charles Schwab.
What is Everspin Technologies' stock price today?
One share of MRAM stock can currently be purchased for approximately $6.49.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $108.72 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.
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.
