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T   19.12 (-0.93%)
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NASDAQ:MRAM

Everspin Technologies - MRAM Stock Forecast, Price & News

$6.40
+0.27 (+4.40%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.13
$6.44
50-Day Range
$5.05
$6.76
52-Week Range
$4.71
$13.28
Volume
74,813 shs
Average Volume
160,777 shs
Market Capitalization
$130.20 million
P/E Ratio
14.22
Dividend Yield
N/A
Price Target
$11.00

Everspin Technologies MarketRank™ Forecast

Analyst Rating
Strong Buy
4.00 Rating Score
Upside/​Downside
71.9% Upside
$11.00 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.34mentions of Everspin Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$67,150 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.

1.67 out of 5 stars

Business Services Sector

290th out of 320 stocks

Semiconductors & Related Devices Industry

80th out of 91 stocks

MRAM stock logo

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, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM. The company provides its products for applications, including data center, industrial, medical, automotive/transportation, and aerospace markets. It serves original equipment 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.

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MRAM Stock News Headlines

Everspin Explores Domestic Trusted Manufacturing Expansion
MRAM Everspin Technologies, Inc.
Nasdaq Jumps Over 200 Points; CS Disco Shares Plunge
Everspin Announces New STT-MRAM EM128LX xSPI Memory.
See More Headlines
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MRAM Company Calendar

Last Earnings
11/09/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/01/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:MRAM
Fax
N/A
Employees
75
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+71.9%
Consensus Rating
Strong Buy
Rating Score (0-4)
4.00
Research Coverage
1 Analysts

Profitability

Net Income
$4.34 million
Pretax Margin
14.57%

Debt

Sales & Book Value

Annual Sales
$55.15 million
Cash Flow
$0.31 per share
Book Value
$1.39 per share

Miscellaneous

Free Float
19,503,000
Market Cap
$130.20 million
Optionable
Not Optionable
Beta
1.32

Key Executives

  • Mr. Darin G. BillerbeckMr. Darin G. Billerbeck (Age 62)
    Exec. Chairman
    Comp: $1.05M
  • Dr. Sanjeev Aggarwal Ph.D.Dr. Sanjeev Aggarwal Ph.D. (Age 55)
    Pres, CEO & Director
    Comp: $477.56k
  • Mr. Anuj Aggarwal (Age 42)
    Chief Financial Officer
    Comp: $813.95k
  • Mr. Amit Shah
    VP of Operations
  • Mr. Kerry Nagel
    VP of Technology
  • David Schrenk
    VP of Sales & Bus. Devel.
  • Ms. Aparna Oka
    Corp. Controller













MRAM Stock - Frequently Asked Questions

Should I buy or sell Everspin Technologies stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last year. There are currently 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" MRAM shares.
View MRAM analyst ratings
or view top-rated stocks.

What is Everspin Technologies' stock price forecast for 2023?

1 equities research analysts have issued 1-year price objectives for Everspin Technologies' shares. Their MRAM share price forecasts range from $9.00 to $13.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 71.9% 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 2022?

Everspin Technologies' stock was trading at $11.30 at the start of the year. Since then, MRAM stock has decreased by 43.4% and is now trading at $6.40.
View the best growth stocks for 2022 here
.

When is Everspin Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MRAM earnings forecast
.

How were Everspin Technologies' earnings last quarter?

Everspin Technologies, Inc. (NASDAQ:MRAM) released its quarterly earnings data on Wednesday, November, 9th. The business services provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The business services provider earned $15.24 million during the quarter. Everspin Technologies had a net margin of 14.68% and a trailing twelve-month return on equity of 28.84%.

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

Everspin Technologies issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of 0-$0.05 for the period, compared to the consensus EPS estimate of $0.07. The company issued revenue guidance of $14.10 million-$15.10 million, compared to the consensus revenue estimate of $15.80 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 acted 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."

Who are Everspin Technologies' major shareholders?

Everspin Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.64%), Royal Bank of Canada (2.91%), BlackRock Inc. (1.38%), Renaissance Technologies LLC (1.21%), Worth Venture Partners LLC (1.09%) and Dimensional Fund Advisors LP (0.59%). Insiders that own company stock include Anuj Aggarwal, Aparna Oka, Darin G Billerbeck, Kevin Conley, Michael B Gustafson, Sanjeev Aggarwal, Stephen Socolof and Troy Winslow.
View institutional ownership trends
.

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 $6.40.

How much money does Everspin Technologies make?

Everspin Technologies (NASDAQ:MRAM) has a market capitalization of $130.20 million and generates $55.15 million in revenue each year. The business services provider earns $4.34 million in net income (profit) each year or $0.45 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 12/8/2022 by MarketBeat.com Staff