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
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
Current SymbolNASDAQ:MRAM
Previous Symbol
CUSIPN/A
Phone480-347-1111
Debt
Debt-to-Equity Ratio0.29
Current Ratio2.95
Quick Ratio2.36
Price-To-Earnings
Trailing P/E Ratio-3.79
Forward P/E Ratio-6.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$35.94 million
Price / Sales3.00
Cash FlowN/A
Price / Cash FlowN/A
Book Value$0.85 per share
Price / Book7.41
Profitability
EPS (Most Recent Fiscal Year)($1.69)
Net Income$-21,100,000.00
Net Margins-37.90%
Return on Equity-67.47%
Return on Assets-37.39%
Miscellaneous
Employees90
Outstanding Shares17,090,000
Market Cap$108.89 million
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) announced its quarterly earnings data on Thursday, November, 8th. The business services provider reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.01. The business services provider earned $11.52 million during 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 company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted ($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 issued an update on 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 earnings per share 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 brokers have issued 12 month price objectives for Everspin Technologies' stock. Their predictions range from $13.00 to $14.00. On average, they expect Everspin Technologies' share price to reach $13.50 in the next year. This suggests a possible upside of 114.3% 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. " (11/14/2018)
- 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?
News stories about MRAM stock have trended very positive on Monday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Everspin Technologies earned a news impact score of 3.9 on InfoTrie's scale. They also gave press coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
Who are some of Everspin Technologies' key competitors?
Some companies that are related to Everspin Technologies include Ichor (ICHR), Applied Optoelectronics (AAOI), Ultra Clean (UCTT), JinkoSolar (JKS), Aquantia (AQ), NeoPhotonics (NPTN), Daqo New Energy (DQ), DSP Group (DSPG), Alpha and Omega Semiconductor (AOSL), Magnachip Semiconductor (MX), AXT (AXTI), Adesto Technologies (IOTS), Pixelworks (PXLW), EMCORE (EMKR) and GSI Technology (GSIT).
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 61)
- Ms. Annie Flaig, Sr. VP of Worldwide Sales (Age 47)
- 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)
When did Everspin Technologies IPO?
(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 served as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.
Who are Everspin Technologies' major shareholders?
Everspin Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include AWM Investment Company Inc. (9.61%), Raging Capital Management LLC (4.59%), Bamco Inc. NY (4.44%), Vanguard Group Inc. (2.58%), Herald Investment Management Ltd (1.95%) and Handelsinvest Investeringsforvaltning (0.83%). Company insiders that own Everspin Technologies stock include Kevin Conley, Michael B Gustafson and Thomas Andre. View Institutional Ownership Trends for Everspin Technologies.
Which institutional investors are selling Everspin Technologies stock?
Which institutional investors are buying Everspin Technologies stock?
MRAM stock was bought by a variety of institutional investors in the last quarter, including Bamco Inc. NY, Raging Capital Management LLC, Handelsinvest Investeringsforvaltning, Herald Investment Management Ltd, Vanguard Group Inc., AWM Investment Company Inc., Dimensional Fund Advisors LP and Salem Investment Counselors Inc.. Company insiders that have bought Everspin Technologies stock in the last two years include Kevin Conley and Michael B Gustafson. View Insider Buying and Selling 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 $6.30.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $108.89 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.
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.
