Everspin Technologies - MRAM Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "strong buy" MRAM shares.
View MRAM analyst ratings or view top-rated stocks.

1 equities research analysts have issued 1-year price objectives for Everspin Technologies' shares. Their MRAM share price forecasts range from $9.00 to $13.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 71.9% from the stock's current price.
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Everspin Technologies' stock was trading at $11.30 at the start of the year. Since then, MRAM stock has decreased by 43.4% and is now trading at $6.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MRAM earnings forecast.

Everspin Technologies, Inc. (NASDAQ:MRAM) released its quarterly earnings data on Wednesday, November, 9th. The business services provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The business services provider earned $15.24 million during the quarter. Everspin Technologies had a net margin of 14.68% and a trailing twelve-month return on equity of 28.84%.

Everspin Technologies issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of 0-$0.05 for the period, compared to the consensus EPS estimate of $0.07. The company issued revenue guidance of $14.10 million-$15.10 million, compared to the consensus revenue estimate of $15.80 million.

5 employees have rated Everspin Technologies Chief Executive Officer Kevin Conley on Glassdoor.com. Kevin Conley has an approval rating of 79% among the company's employees.

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), Block (SQ), Editas Medicine (EDIT), Freeport-McMoRan (FCX), CRISPR Therapeutics (CRSP), Akoustis Technologies (AKTS), Lumentum (LITE) and Plug Power (PLUG).

(MRAM) raised $46 million in an initial public offering 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."

Everspin Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.64%), Royal Bank of Canada (2.91%), BlackRock Inc. (1.38%), Renaissance Technologies LLC (1.21%), Worth Venture Partners LLC (1.09%) and Dimensional Fund Advisors LP (0.59%). Insiders that own company stock include Anuj Aggarwal, Aparna Oka, Darin G Billerbeck, Kevin Conley, Michael B Gustafson, Sanjeev Aggarwal, Stephen Socolof and Troy Winslow.
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Shares of MRAM stock 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.
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One share of MRAM stock can currently be purchased for approximately $6.40.

Everspin Technologies (NASDAQ:MRAM) has a market capitalization of $130.20 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 $0.45 on an earnings per share basis.

Everspin Technologies' mailing address is 5670 W. CHANDLER BOULEVARD SUITE 100, CHANDLER AZ, 85226. The official website for the company is www.everspin.com. The business services provider can be reached via phone at (480) 347-1111.