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

$7.80 -0.49 (-5.91 %)
(As of 04/19/2018 11:54 AM ET)
Previous Close$8.29
Today's Range$7.74 - $8.23
52-Week Range$6.40 - $25.39
Volume28,261 shs
Average Volume174,899 shs
Market Capitalization$138.37 million
P/E Ratio-4.80
Dividend YieldN/A
Beta3.13

About Everspin Technologies (NASDAQ:MRAM)

Everspin Technologies logoEverspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers first generation, second generation, third generation, 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.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
SymbolNASDAQ:MRAM
CUSIPN/A
Phone480-347-1111

Debt

Debt-to-Equity Ratio0.75%
Current Ratio2.22%
Quick Ratio1.42%

Price-To-Earnings

Trailing P/E Ratio-4.80
Forward P/E Ratio-8.39
P/E GrowthN/A

Sales & Book Value

Annual Sales$35.94 million
Price / Sales3.61
Cash FlowN/A
Price / CashN/A
Book Value$0.85 per share
Price / Book9.18

Profitability

EPS (Most Recent Fiscal Year)($1.69)
Net Income$-21,100,000.00
Net Margins-58.81%
Return on Equity-129.52%
Return on Assets-59.55%

Miscellaneous

Employees90
Outstanding Shares16,650,000

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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 (NASDAQ:MRAM) released its earnings results on Thursday, March, 15th. The business services provider reported ($0.35) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.36) by $0.01. The business services provider earned $10.10 million during the quarter, compared to analyst estimates of $10.10 million. Everspin Technologies had a negative net margin of 58.81% and a negative return on equity of 129.52%. The company's quarterly revenue was up 42.3% on a year-over-year basis. View Everspin Technologies' Earnings History.

When is Everspin Technologies' next earnings date?

Everspin Technologies is scheduled to release their next quarterly earnings announcement on Friday, May, 11th 2018. View Earnings Estimates for Everspin Technologies.

What guidance has Everspin Technologies issued on next quarter's earnings?

Everspin Technologies updated its first quarter earnings guidance on Thursday, March, 15th. The company provided earnings per share guidance of ($0.45-0.41) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.28). The company issued revenue guidance of $9.4-9.8 million, compared to the consensus revenue estimate of $10.10 million.

What price target have analysts set for MRAM?

3 brokerages have issued 12-month price objectives for Everspin Technologies' shares. Their predictions range from $13.00 to $15.00. On average, they anticipate Everspin Technologies' stock price to reach $14.00 in the next year. 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. " (3/21/2018)
  • 2. Needham & Company LLC analysts commented, "While we are encouraged by signs that Everspin’s strategy shift of prioritizing 256Mb ST-MRAM and a realignment in its nvNitro go- to-market approach is bearing fruit, we are cutting our 2018 revenue estimate by $10 million as our prior estimate was contingent on a significant ramp in ST-MRAM (where design win unit volume visibility is currently poor). We also highlight potential variability in quarterly gross margins as licensing & royalty payments are lumpy and ST-MRAM size/timing of production is currently less clear (Toggle product mix can also affect margins). While we are lowering out PT to $14 on reduced 2018 revenue estimates we remain upbeat on Everspin’s longer term opportunities." (3/16/2018)

Who are some of Everspin Technologies' key competitors?

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, Chief Financial Officer and Sec. (Age 58)
  • Mr. Norman L. Armour, VP of Operations
  • Mr. Patrick Patla, Sr. VP of Marketing (Age 54)
  • Ms. Annie Flaig, Sr. VP of Worldwide Sales (Age 47)

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

Has Everspin Technologies been receiving favorable news coverage?

Press coverage about MRAM stock has trended somewhat negative on Thursday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 -0.03 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 46.31 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are Everspin Technologies' major shareholders?

Everspin Technologies' stock is owned by many different of institutional and retail investors. Top institutional investors include AWM INVESTMENT COMPANY, INC. (6.70%). Company insiders that own Everspin Technologies stock include Kevin Conley, Michael B Gustafson, Nvpg Iv, Llc and Peter Hebert. View Institutional Ownership Trends for Everspin Technologies.

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 $7.80.

How big of a company is Everspin Technologies?

Everspin Technologies has a market capitalization of $138.37 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.

How can I contact Everspin Technologies?

Everspin Technologies' mailing address is 1347 N ALMA SCHOOL ROAD SUITE 220, CHANDLER AZ, 85224. The business services provider can be reached via phone at 480-347-1111.


MarketBeat Community Rating for Everspin Technologies (MRAM)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  116 (Vote Outperform)
Underperform Votes:  117 (Vote Underperform)
Total Votes:  233
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.

Analyst Ratings

Everspin Technologies (NASDAQ:MRAM) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
3 Wall Street analysts have issued ratings and price targets for Everspin Technologies in the last 12 months. Their average twelve-month price target is $14.00, suggesting that the stock has a possible upside of 79.49%. The high price target for MRAM is $15.00 and the low price target for MRAM is $13.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 3.003.003.003.00
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $14.00$14.00$16.6667$18.50
Price Target Upside: 79.49% upside55.38% upside103.00% upside46.83% upside

Everspin Technologies (NASDAQ:MRAM) Consensus Price Target History

Price Target History for Everspin Technologies (NASDAQ:MRAM)

Everspin Technologies (NASDAQ:MRAM) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/16/2018Stifel NicolausLower Price TargetBuy -> Buy$15.00 -> $13.00HighView Rating Details
3/16/2018Needham & Company LLCReiterated RatingBuy$14.00HighView Rating Details
11/17/2017Canaccord GenuityLower Price TargetBuy -> Buy$18.00 -> $15.00N/AView Rating Details
11/2/2016Craig HallumInitiated CoverageBuy$14.00N/AView Rating Details
(Data available from 4/19/2016 forward)

Earnings

Everspin Technologies (NASDAQ:MRAM) Earnings History and Estimates Chart

Earnings by Quarter for Everspin Technologies (NASDAQ:MRAM)

Everspin Technologies (NASDAQ:MRAM) Earnings Estimates

Current Year EPS Consensus Estimate: $-0.93 EPS
Next Year EPS Consensus Estimate: $-0.07 EPS

Everspin Technologies (NASDAQ MRAM) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/10/2018($0.37)N/AView Earnings Details
3/15/2018Q4 2017($0.36)($0.35)$10.10 million$10.10 millionViewN/AView Earnings Details
11/13/2017Q3 2017($0.45)($0.43)$9.90 million$8.30 millionViewN/AView Earnings Details
8/10/2017Q2 2017($0.38)($0.40)$8.75 million$8.93 millionViewN/AView Earnings Details
5/12/2017Q1 2017($0.5070)($0.49)$7.40 million$7.88 millionViewN/AView Earnings Details
3/10/2017Y 2016($0.31)($0.48)$7.50 million$7.10 millionViewListenView Earnings Details
11/14/2016Q316($0.42)($0.54)$7.08 million$7.10 millionViewListenView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Everspin Technologies (NASDAQ:MRAM) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Everspin Technologies (NASDAQ MRAM) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 24.00%
Institutional Ownership Percentage: 17.26%
Insider Trading History for Everspin Technologies (NASDAQ:MRAM)
Institutional Ownership by Quarter for Everspin Technologies (NASDAQ:MRAM)

Everspin Technologies (NASDAQ MRAM) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/12/2018Kevin ConleyInsiderBuy14,285$7.00$99,995.0024,285View SEC Filing  
2/12/2018Michael B GustafsonDirectorBuy14,286$7.00$100,002.0014,286View SEC Filing  
10/13/2016Nvpg Iv, LlcMajor ShareholderBuy250,000$8.00$2,000,000.00View SEC Filing  
10/13/2016Peter HebertDirectorBuy137,420$8.00$1,099,360.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Everspin Technologies (NASDAQ MRAM) News Headlines

Source:
DateHeadline
Zacks: Everspin Technologies (MRAM) Given Average Rating of "Strong Buy" by BrokeragesZacks: Everspin Technologies (MRAM) Given Average Rating of "Strong Buy" by Brokerages
www.americanbankingnews.com - April 16 at 5:19 AM
Reviewing Everspin Technologies (MRAM) & Its RivalsReviewing Everspin Technologies (MRAM) & Its Rivals
www.americanbankingnews.com - April 13 at 5:07 AM
Canaccord Genuity Reaffirms "Buy" Rating for Everspin Technologies (MRAM)Canaccord Genuity Reaffirms "Buy" Rating for Everspin Technologies (MRAM)
www.americanbankingnews.com - April 10 at 5:34 PM
Everspin Technologies (MRAM) Downgraded by Zacks Investment Research to "Sell"Everspin Technologies (MRAM) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - April 10 at 12:01 PM
Everspin Technologies (MRAM) Lifted to Hold at Zacks Investment ResearchEverspin Technologies (MRAM) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - April 7 at 12:33 PM
Zacks: Everspin Technologies Inc (MRAM) Given $14.75 Average Target Price by AnalystsZacks: Everspin Technologies Inc (MRAM) Given $14.75 Average Target Price by Analysts
www.americanbankingnews.com - March 30 at 9:05 AM
Everspin Bolsters Executive Team With Promotion and New HireEverspin Bolsters Executive Team With Promotion and New Hire
finance.yahoo.com - March 26 at 9:46 AM
Everspin Technologies (MRAM) Stock Rating Lowered by Zacks Investment ResearchEverspin Technologies (MRAM) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - March 21 at 8:54 PM
Everspin Signs Long-term Patent License Agreement With Alps Electric - Business Wire (press release)Everspin Signs Long-term Patent License Agreement With Alps Electric - Business Wire (press release)
www.businesswire.com - March 19 at 9:31 AM
Everspin Signs Long-term Patent License Agreement With Alps ElectricEverspin Signs Long-term Patent License Agreement With Alps Electric
finance.yahoo.com - March 19 at 9:31 AM
Stifel Nicolaus Cuts Everspin Technologies (MRAM) Price Target to $13.00Stifel Nicolaus Cuts Everspin Technologies (MRAM) Price Target to $13.00
www.americanbankingnews.com - March 16 at 6:06 PM
Everspin Technologies (MRAM) PT Lowered to $14 at Needham ... - StreetInsider.comEverspin Technologies (MRAM) PT Lowered to $14 at Needham ... - StreetInsider.com
www.streetinsider.com - March 16 at 5:31 PM
Everspin Reports Fourth Quarter and Fiscal Year 2017 Financial Results - GlobeNewswire (press release)Everspin Reports Fourth Quarter and Fiscal Year 2017 Financial Results - GlobeNewswire (press release)
globenewswire.com - March 16 at 5:31 PM
Edited Transcript of MRAM earnings conference call or presentation 15-Mar-18 9:00pm GMTEdited Transcript of MRAM earnings conference call or presentation 15-Mar-18 9:00pm GMT
finance.yahoo.com - March 16 at 5:31 PM
Everspin Technologies (MRAM) Stock Rating Reaffirmed by Needham & Company LLCEverspin Technologies (MRAM) Stock Rating Reaffirmed by Needham & Company LLC
www.americanbankingnews.com - March 16 at 1:48 PM
Everspin reports record fourth quarter and 2017 revenue growthEverspin reports record fourth quarter and 2017 revenue growth
finance.yahoo.com - March 16 at 9:39 AM
Everspin Technologies (MRAM) Updates Q1 Earnings GuidanceEverspin Technologies (MRAM) Updates Q1 Earnings Guidance
www.americanbankingnews.com - March 15 at 9:22 PM
Everspin Technologies (MRAM) Announces  Earnings Results, Beats Expectations By $0.02 EPSEverspin Technologies (MRAM) Announces Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - March 15 at 6:30 PM
Everspin Technologies, Inc. to Host Earnings CallEverspin Technologies, Inc. to Host Earnings Call
finance.yahoo.com - March 15 at 5:02 PM
Everspin Jumps 5% Despite Lower Q1 ViewEverspin Jumps 5% Despite Lower Q1 View
finance.yahoo.com - March 15 at 5:02 PM
Everspin Reports Fourth Quarter and Fiscal Year 2017 Financial ResultsEverspin Reports Fourth Quarter and Fiscal Year 2017 Financial Results
finance.yahoo.com - March 15 at 5:02 PM
 Everspin Technologies Inc (MRAM) Receives Consensus Rating of "Strong Buy" from Brokerages Everspin Technologies Inc (MRAM) Receives Consensus Rating of "Strong Buy" from Brokerages
www.americanbankingnews.com - March 15 at 5:22 AM
Is a Surprise Coming for Everspin (MRAM) This Earnings Season?Is a Surprise Coming for Everspin (MRAM) This Earnings Season?
finance.yahoo.com - March 13 at 9:39 AM
Global magneto resistive RAM (MRAM) market revenue is expected to be contributed majorly by the market in North AmericaGlobal magneto resistive RAM (MRAM) market revenue is expected to be contributed majorly by the market in North America
www.marketwatch.com - March 12 at 11:12 AM
 Brokerages Set $15.25 Target Price for Everspin Technologies Inc (MRAM) Brokerages Set $15.25 Target Price for Everspin Technologies Inc (MRAM)
www.americanbankingnews.com - March 9 at 1:12 AM
Everspin Technologies (MRAM) Set to Announce Earnings on ThursdayEverspin Technologies (MRAM) Set to Announce Earnings on Thursday
www.americanbankingnews.com - March 8 at 1:10 AM
 Analysts Expect Everspin Technologies Inc (MRAM) Will Post Quarterly Sales of $10.10 Million Analysts Expect Everspin Technologies Inc (MRAM) Will Post Quarterly Sales of $10.10 Million
www.americanbankingnews.com - March 6 at 5:52 AM
 Analysts Set $15.25 Price Target for Everspin Technologies Inc (MRAM) Analysts Set $15.25 Price Target for Everspin Technologies Inc (MRAM)
www.americanbankingnews.com - March 4 at 3:10 PM
Everspin to Announce Fourth Quarter and Fiscal Year 2017 Results on March 15Everspin to Announce Fourth Quarter and Fiscal Year 2017 Results on March 15
finance.yahoo.com - February 27 at 9:22 AM
 Everspin Technologies Inc (MRAM) Given Consensus Rating of "Strong Buy" by Analysts Everspin Technologies Inc (MRAM) Given Consensus Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - February 25 at 11:12 PM
Everspin To Showcase MRAM Products and Technology at Embedded WorldEverspin To Showcase MRAM Products and Technology at Embedded World
finance.yahoo.com - February 21 at 4:45 PM
 Everspin Technologies Inc (MRAM) Receives Consensus Recommendation of "Strong Buy" from Analysts Everspin Technologies Inc (MRAM) Receives Consensus Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - February 20 at 5:30 AM
$10.10 Million in Sales Expected for Everspin Technologies Inc (MRAM) This Quarter$10.10 Million in Sales Expected for Everspin Technologies Inc (MRAM) This Quarter
www.americanbankingnews.com - February 17 at 3:38 AM
 Everspin Technologies Inc (MRAM) Receives Average Recommendation of "Strong Buy" from Brokerages Everspin Technologies Inc (MRAM) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - February 16 at 7:58 AM
Everspin Technologies Inc (MRAM) Expected to Post Earnings of -$0.36 Per ShareEverspin Technologies Inc (MRAM) Expected to Post Earnings of -$0.36 Per Share
www.americanbankingnews.com - February 15 at 7:18 PM
Insider Buying: Everspin Technologies Inc (MRAM) Director Purchases 14,286 Shares of StockInsider Buying: Everspin Technologies Inc (MRAM) Director Purchases 14,286 Shares of Stock
www.americanbankingnews.com - February 13 at 9:30 PM
Kevin Conley Purchases 14,285 Shares of Everspin Technologies Inc (MRAM) StockKevin Conley Purchases 14,285 Shares of Everspin Technologies Inc (MRAM) Stock
www.americanbankingnews.com - February 13 at 9:30 PM
Gen-Z Consortium Announces the Public Release of Its Core Specification 1.0Gen-Z Consortium Announces the Public Release of Its Core Specification 1.0
www.bizjournals.com - February 13 at 9:20 AM
Everspin SST-MRAM Technology Could Gain TractionEverspin SST-MRAM Technology Could Gain Traction
seekingalpha.com - February 13 at 9:20 AM
Everspin Technologies, Inc. (MRAM) Prices 3.6M Common Stock Offering at $7/ShareEverspin Technologies, Inc. (MRAM) Prices 3.6M Common Stock Offering at $7/Share
www.streetinsider.com - February 9 at 5:12 PM
Everspin Technologies Announces Pricing of its Underwritten Public OfferingEverspin Technologies Announces Pricing of its Underwritten Public Offering
finance.yahoo.com - February 8 at 4:19 PM
Everspin Reports Preliminary Financial Results for the Fourth Quarter 2017Everspin Reports Preliminary Financial Results for the Fourth Quarter 2017
finance.yahoo.com - February 8 at 8:50 AM
Everspin Technologies Announces Proposed Public Offering of Common StockEverspin Technologies Announces Proposed Public Offering of Common Stock
finance.yahoo.com - February 8 at 8:50 AM
Zacks: Everspin Technologies Inc (MRAM) Given $15.25 Consensus Target Price by BrokeragesZacks: Everspin Technologies Inc (MRAM) Given $15.25 Consensus Target Price by Brokerages
www.americanbankingnews.com - January 30 at 7:32 AM
-$0.37 EPS Expected for Everspin Technologies Inc (MRAM) This Quarter-$0.37 EPS Expected for Everspin Technologies Inc (MRAM) This Quarter
www.americanbankingnews.com - January 29 at 9:14 PM
Brokerages Anticipate Everspin Technologies Inc (MRAM) to Post ($0.37) EPSBrokerages Anticipate Everspin Technologies Inc (MRAM) to Post ($0.37) EPS
www.americanbankingnews.com - January 23 at 11:10 PM
Everspin Technologies (MRAM) Upgraded at Zacks Investment ResearchEverspin Technologies (MRAM) Upgraded at Zacks Investment Research
www.americanbankingnews.com - January 23 at 6:12 AM
Everspin Technologies (MRAM) Receives "Buy" Rating from Needham & Company LLCEverspin Technologies (MRAM) Receives "Buy" Rating from Needham & Company LLC
www.americanbankingnews.com - January 18 at 5:28 PM
Everspin Begins 40nm STT-MRAM Volume ProductionEverspin Begins 40nm STT-MRAM Volume Production
finance.yahoo.com - January 17 at 9:58 AM
Everspin Technologies Inc (MRAM) Expected to Announce Quarterly Sales of $10.10 MillionEverspin Technologies Inc (MRAM) Expected to Announce Quarterly Sales of $10.10 Million
www.americanbankingnews.com - January 14 at 6:58 AM

SEC Filings

Everspin Technologies (NASDAQ:MRAM) SEC Filings

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Financials

Everspin Technologies (NASDAQ:MRAM) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Everspin Technologies (NASDAQ MRAM) Stock Chart for Thursday, April, 19, 2018

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This page was last updated on 4/19/2018 by MarketBeat.com Staff

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