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DOW   30,946.99
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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
NASDAQ:MRAM

Everspin Technologies Stock Forecast, Price & News

$5.19
-0.35 (-6.32%)
(As of 06/28/2022 04:00 PM ET)
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Today's Range
$5.15
$5.70
50-Day Range
$5.14
$7.62
52-Week Range
$5.06
$14.36
Volume
103,156 shs
Average Volume
204,005 shs
Market Capitalization
$103.97 million
P/E Ratio
15.73
Dividend Yield
N/A
Price Target
$13.00
30 days | 90 days | 365 days | Advanced Chart

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MRAM Stock Forecast (MarketRank)

Overall MarketRank

1.89 out of 5 stars

Business Services Sector

257th out of 468 stocks

Semiconductors & Related Devices Industry

81st out of 124 stocks

Analyst Opinion: 2.0Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
Everspin Technologies logo

About Everspin Technologies (NASDAQ:MRAM)

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.

MRAM Stock News Headlines

AXCELIS TO PARTICIPATE IN THE 14TH ANNUAL CEO SUMMIT
Everspin Technologies Q1 2022 Earnings Preview
See More Headlines

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

Company Calendar

Last Earnings
5/11/2022
Today
6/28/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+150.5%
Consensus Rating
Strong Buy
Rating Score (0-4)
4
Research Coverage
1 Analysts

Profitability

Net Income
$4.34 million
Pretax Margin
11.37%

Debt

Sales & Book Value

Annual Sales
$55.15 million
Cash Flow
$0.28 per share
Book Value
$1.39 per share

Miscellaneous

Free Float
19,206,000
Market Cap
$103.97 million
Optionable
Not Optionable
Beta
1.25














Everspin Technologies Frequently Asked Questions

Should I buy or sell Everspin Technologies stock right now?

1 Wall Street equities research 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 equities research analysts is that investors should "strong buy" Everspin Technologies stock.
View analyst ratings for Everspin Technologies
or view top-rated stocks.

What is Everspin Technologies' stock price forecast for 2022?

1 equities research analysts have issued 1 year target prices for Everspin Technologies' stock. Their MRAM stock forecasts range from $13.00 to $13.00. On average, they predict Everspin Technologies' stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 150.5% from the stock's current price.
View analysts' price targets for Everspin Technologies
or view top-rated stocks among Wall Street analysts.

How has Everspin Technologies' stock price performed in 2022?

Everspin Technologies' stock was trading at $11.30 at the beginning of the year. Since then, MRAM stock has decreased by 54.1% and is now trading at $5.19.
View the best growth stocks for 2022 here
.

Are investors shorting Everspin Technologies?

Everspin Technologies saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 241,100 shares, a drop of 40.4% from the May 15th total of 404,200 shares. Based on an average daily trading volume, of 143,500 shares, the short-interest ratio is currently 1.7 days. Currently, 1.5% of the shares of the company are sold short.
View Everspin Technologies' Short Interest
.

When is Everspin Technologies' next earnings date?

Everspin Technologies is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Everspin Technologies
.

How were Everspin Technologies' earnings last quarter?

Everspin Technologies, Inc. (NASDAQ:MRAM) issued its earnings results on Wednesday, May, 11th. The business services provider reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.11. The business services provider had revenue of $14.35 million for the quarter. Everspin Technologies had a net margin of 11.38% and a trailing twelve-month return on equity of 27.52%.
View Everspin Technologies' earnings history
.

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

Everspin Technologies updated its second quarter 2022 earnings guidance on Wednesday, June, 8th. The company provided earnings per share (EPS) guidance of -$0.06-0 for the period, compared to the consensus estimate of $0.05. The company issued revenue guidance of $13.60 million-$14.60 million, compared to the consensus revenue estimate of $14.50 million.

Who are Everspin Technologies' key executives?

Everspin Technologies' management team includes the following people:

What is Kevin Conley's approval rating as Everspin Technologies' CEO?

5 employees have rated Everspin Technologies CEO Kevin Conley on Glassdoor.com. Kevin Conley has an approval rating of 79% among Everspin Technologies' 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), Square (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 IPO on Friday, October 7th 2016. The company issued 3,800,000 shares at $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 a number of institutional and retail investors. Top institutional investors include AIGH Capital Management LLC (6.44%), Vanguard Group Inc. (3.69%), Worth Venture Partners LLC (1.60%), Acadian Asset Management LLC (1.37%), Renaissance Technologies LLC (1.35%) and EAM Investors LLC (1.08%). Company insiders that own Everspin Technologies stock include Aparna Oka, Darin G Billerbeck, Kevin Conley, Michael B Gustafson, Sanjeev Aggarwal, Stephen Socolof and Troy Winslow.
View institutional ownership trends for Everspin Technologies
.

Which major investors are selling Everspin Technologies stock?

MRAM stock was sold by a variety of institutional investors in the last quarter, including AIGH Capital Management LLC, EAM Investors LLC, Engineers Gate Manager LP, Worth Venture Partners LLC, Goldman Sachs Group Inc., UBS Group AG, Northern Trust Corp, and Simplex Trading LLC. Company insiders that have sold Everspin Technologies company stock in the last two years include Aparna Oka, Darin G Billerbeck, Michael B Gustafson, Sanjeev Aggarwal, Stephen Socolof, and Troy Winslow.
View insider buying and selling activity for Everspin Technologies
or view top insider-selling stocks.

Which major investors are buying Everspin Technologies stock?

MRAM stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Acadian Asset Management LLC, Royal Bank of Canada, Group One Trading L.P., Navellier & Associates Inc., Bank of New York Mellon Corp, Artemis Wealth Advisors LLC, and Renaissance Technologies LLC.
View insider buying and selling activity for Everspin Technologies
or or view top insider-buying stocks.

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 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 $5.19.

How much money does Everspin Technologies make?

Everspin Technologies (NASDAQ:MRAM) has a market capitalization of $103.97 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 $0.329990 on an earnings per share basis.

How many employees does Everspin Technologies have?

Everspin Technologies employs 75 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 official website for Everspin Technologies 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 6/29/2022 by MarketBeat.com Staff

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