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
SymbolNASDAQ:MRAM
CUSIPN/A
Phone480-347-1111
Debt
Debt-to-Equity Ratio0.18
Current Ratio3.89
Quick Ratio3.24
Price-To-Earnings
Trailing P/E Ratio-5.77
Forward P/E Ratio-13.73
P/E GrowthN/A
Sales & Book Value
Annual Sales$35.94 million
Price / Sales4.52
Cash FlowN/A
Price / CashN/A
Book Value$0.85 per share
Price / Book11.47
Profitability
EPS (Most Recent Fiscal Year)($1.69)
Net Income$-21,100,000.00
Net Margins-38.03%
Return on Equity-80.66%
Return on Assets-40.20%
Miscellaneous
Employees90
Outstanding Shares16,670,000
Market Cap$157.23
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 results on Friday, May, 11th. The business services provider reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.42) by $0.33. The business services provider had revenue of $14.85 million for the quarter, compared to the consensus estimate of $9.60 million. Everspin Technologies had a negative return on equity of 80.66% and a negative net margin of 38.03%. The company's quarterly revenue was up 88.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.35) EPS. 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 second quarter earnings guidance on Wednesday, May, 9th. The company provided earnings per share (EPS) guidance of ($0.45-0.41) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.32). The company issued revenue guidance of $10.9-11.3 million, compared to the consensus revenue estimate of $10.77 million.
What price target have analysts set for MRAM?
3 brokerages have issued 12-month price targets for Everspin Technologies' stock. Their predictions range from $13.00 to $15.00. On average, they anticipate Everspin Technologies' share price to reach $14.00 in the next year. This suggests a possible upside of 43.6% from the stock's current price. View Analyst Ratings for Everspin Technologies.
What is the consensus analysts' recommendation for Everspin Technologies?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/11/2018)
- 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?
Some companies that are related to Everspin Technologies include Ultra Clean (UCTT), Photronics (PLAB), NVE (NVEC), Quantenna Communications (QTNA), Ichor (ICHR), Hanwha Q Cells (HQCL), Aquantia (AQ), JinkoSolar (JKS), Magnachip Semiconductor (MX), Daqo New Energy (DQ), JA Solar (JASO), Alpha and Omega Semiconductor (AOSL), AXT (AXTI), DSP Group (DSPG) and NeoPhotonics (NPTN).
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 61)
- Mr. Patrick Patla, Sr. VP of Marketing (Age 54)
- 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)
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 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?
Media headlines about MRAM stock have been trending somewhat negative recently, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Everspin Technologies earned a media sentiment score of -0.01 on Accern's scale. They also assigned news stories about the business services provider an impact score of 44.99 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 $9.75.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $157.23 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 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.
