NASDAQ:MRAM - Everspin Technologies Stock Price, News, & Analysis

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$7.97 -0.24 (-2.92 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$8.21
Today's Range$7.56 - $8.37
52-Week Range$5.30 - $11.20
Volume144,600 shs
Average Volume85,267 shs
Market Capitalization$136.24 million
P/E Ratio-4.72
Dividend YieldN/A
Beta2.52
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.

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Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorBusiness Services
Current SymbolNASDAQ:MRAM
CUSIPN/A
Phone480-347-1111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$35.94 million
Book Value$0.85 per share

Profitability

Net Income$-21,100,000.00

Miscellaneous

EmployeesN/A
Market Cap$136.24 million
Next Earnings Date5/8/2019 (Estimated)
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) released its quarterly earnings results on Thursday, March, 14th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. The business services provider earned $12.30 million during the quarter, compared to the consensus estimate of $12 million. Everspin Technologies had a negative return on equity of 67.47% and a negative net margin of 37.90%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.35) EPS. View Everspin Technologies' Earnings History.

When is Everspin Technologies' next earnings date?

Everspin Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for Everspin Technologies.

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

Everspin Technologies issued an update on its first quarter earnings guidance on Thursday, March, 14th. The company provided EPS guidance of (-0.28)-(-0.24) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.28). The company issued revenue guidance of $9.5-9.9 million, compared to the consensus revenue estimate of $12.43 million.Everspin Technologies also updated its Q1 2019 guidance to $-0.28--0.24 EPS.

What price target have analysts set for MRAM?

1 equities research analysts have issued twelve-month price targets for Everspin Technologies' shares. Their predictions range from $14.00 to $14.00. On average, they anticipate Everspin Technologies' stock price to reach $14.00 in the next year. This suggests a possible upside of 75.7% from the stock's current price. View Analyst Price Targets for Everspin Technologies.

What is the consensus analysts' recommendation for Everspin Technologies?

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.

What are Wall Street analysts saying about Everspin Technologies stock?

Here are some recent quotes from research analysts about Everspin Technologies stock:
  • 1. Needham & Company LLC analysts commented, "Everspin is up ~35% over the past two days on news that Intel was integrating embedded MRAM into its 22nm FinFET CMOS technology on full 300mm wafers. We don’t know if Intel is using the Everspin’s technology but Intel’s decision certainly validates the MRAM technology, which has been the crux of the investment theme. Everspin has a licensing agreement with Global Foundries to embedded MRAM on its 22nm FD-SOI technology. We believe the major MCU suppliers will eventually replace eFlash with MRAM targeting IoT and automotive applications as it has higher endurance and faster write cycles." (2/20/2019)
  • 2. 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. " (1/9/2019)

Has Everspin Technologies been receiving favorable news coverage?

Press coverage about MRAM stock has trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public 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 1.4 on InfoTrie's scale. They also assigned headlines about the business services provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are some of Everspin Technologies' key competitors?

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 Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Freeport-McMoRan (FCX), Cisco Systems (CSCO), Square (SQ), Twilio (TWLO), Canopy Growth (CGC), Himax Technologies (HIMX) and Adobe (ADBE).

Who are Everspin Technologies' key executives?

Everspin Technologies' management team includes the folowing people:
  • Mr. Kevin Conley, CEO, Pres & Director (Age 62)
  • Mr. Jeffrey G. Winzeler, CFO & Sec. (Age 59)
  • Mr. Angelo V. Ugge, VP of Bus. Devel. & Operations (Age 72)
  • Mr. Norman L. Armour, VP of Operations (Age 61)
  • Mr. Rizwan Ahmed, VP of Marketing

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 $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 many different of retail and institutional investors. Top institutional investors include Raging Capital Management LLC (8.69%), Handelsbanken Fonder AB (3.66%), BlackRock Inc. (1.15%), UBS Oconnor LLC (0.88%), UBS Oconnor LLC (0.88%) and Stifel Financial Corp (0.17%). Company insiders that own Everspin Technologies stock include Kevin Conley, Michael B Gustafson and Thomas Andre. 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 Stifel Financial Corp, BOKF NA, UBS Oconnor LLC and UBS Oconnor LLC. View Insider Buying and Selling for Everspin Technologies.

Which major investors are buying Everspin Technologies stock?

MRAM stock was acquired by a variety of institutional investors in the last quarter, including Raging Capital Management LLC, Handelsbanken Fonder AB, D. E. Shaw & Co. Inc., Bank of New York Mellon Corp, BlackRock Inc. and Virtu Financial LLC. 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 $7.97.

How big of a company is Everspin Technologies?

Everspin Technologies has a market capitalization of $136.24 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.

What is Everspin Technologies' official website?

The official website for Everspin Technologies is http://www.everspin.com.

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  179 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  361
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.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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