NASDAQ:MRAMEverspin Technologies Stock Price, Forecast & News

Everspin Technologies' stock was trading at $2.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MRAM shares have increased by 220.4% and is now trading at $7.21. View which stocks have been most impacted by Coronavirus.

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.

Everspin Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Everspin Technologies.

Everspin Technologies Inc (NASDAQ:MRAM) announced its quarterly earnings data on Thursday, May, 7th. The business services provider reported ($0.05) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.07) by $0.02. The business services provider had revenue of $10.11 million for the quarter. Everspin Technologies had a negative net margin of 12.82% and a negative return on equity of 17.36%. View Everspin Technologies' earnings history.

Everspin Technologies updated its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share guidance of -0.06-0.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.07. The company issued revenue guidance of $11.5-12.5 million, compared to the consensus revenue estimate of $10.26 million.

1 brokers have issued 12-month target prices for Everspin Technologies' stock. Their forecasts range from $10.00 to $10.00. On average, they anticipate Everspin Technologies' stock price to reach $10.00 in the next year. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets for Everspin Technologies.

News stories about MRAM stock have been trending negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Everspin Technologies earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Everspin Technologies.

Everspin Technologies saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 179,200 shares, a decrease of 33.1% from the June 15th total of 267,900 shares. Based on an average daily volume of 557,800 shares, the short-interest ratio is currently 0.3 days. Approximately 1.3% of the shares of the company are sold short. View Everspin Technologies' Current Options Chain.

Some companies that are related to Everspin Technologies include NeoPhotonics (NPTN), Adesto Technologies (IOTS), DSP Group (DSPG), Magnachip Semiconductor (MX), NVE (NVEC), Alpha and Omega Semiconductor (AOSL), Applied Optoelectronics (AAOI), AXT (AXTI), Atomera (ATOM), GSI Technology (GSIT), Sequans Communications (SQNS), POET Technologies (POETF), Resonant (RESN), Netlist (NLST) and Pixelworks (PXLW). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Everspin Technologies investors own include NVIDIA (NVDA), Micron Technology (MU), Editas Medicine (EDIT), Freeport-McMoRan (FCX), Square (SQ), Advanced Micro Devices (AMD), Splunk (SPLK), Crispr Therapeutics (CRSP), Plug Power (PLUG) and Arista Networks (ANET).

(MRAM) raised $46 million in an IPO 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.

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

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.

One share of MRAM stock can currently be purchased for approximately $7.21.

Everspin Technologies has a market capitalization of $134.61 million and generates $37.50 million in revenue each year. The business services provider earns $-14,670,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis. Everspin Technologies employs 95 workers across the globe.

The official website for Everspin Technologies is www.everspin.com.

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.