About Everspin Technologies (NASDAQ:MRAM)
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers first generation, second generation, third generation, 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
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
SymbolNASDAQ:MRAM
CUSIPN/A
Phone480-347-1111
Debt
Debt-to-Equity Ratio0.75%
Current Ratio2.22%
Quick Ratio1.42%
Price-To-Earnings
Trailing P/E Ratio-4.53
Forward P/E Ratio-8.18
P/E GrowthN/A
Sales & Book Value
Annual Sales$35.94 million
Price / Sales3.53
Cash FlowN/A
Price / CashN/A
Book Value$0.85 per share
Price / Book8.95
Profitability
EPS (Most Recent Fiscal Year)($1.69)
Net Income$-21,100,000.00
Net Margins-58.81%
Return on Equity-129.52%
Return on Assets-59.55%
Miscellaneous
Employees90
Outstanding Shares16,650,000
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 (NASDAQ:MRAM) released its earnings results on Thursday, March, 15th. The business services provider reported ($0.35) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.36) by $0.01. The business services provider earned $10.10 million during the quarter, compared to analyst estimates of $10.10 million. Everspin Technologies had a negative return on equity of 129.52% and a negative net margin of 58.81%. The firm's revenue was up 42.3% compared to the same quarter last year. 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 first quarter earnings guidance on Thursday, March, 15th. The company provided earnings per share guidance of ($0.45-0.41) for the period, compared to the Thomson Reuters consensus estimate of ($0.28). The company issued revenue guidance of $9.4-9.8 million, compared to the consensus revenue estimate of $10.10 million.
What price target have analysts set for MRAM?
3 Wall Street analysts have issued 1-year price objectives for Everspin Technologies' shares. Their predictions range from $13.00 to $15.00. On average, they anticipate Everspin Technologies' stock price to reach $14.00 in the next twelve months. 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. " (3/21/2018)
- 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 AXT (AXTI), Kopin (KOPN), Sigma Designs (SIGM), Adesto Technologies (IOTS), Pixelworks (PXLW), Sequans Communications (SQNS), QuickLogic (QUIK), EMCORE (EMKR), Resonant (RESN), ReneSola (SOL), POET Technologies (POETF), Intermolecular (IMI), LightPath Technologies (LPTH), On Track Innovations (OTIV), Supercom (SPCB), O2Micro International (OIIM), Yingli (YGE) and Rubicon Technology (RBCN).
Who are Everspin Technologies' key executives?
Everspin Technologies' management team includes the folowing people:
- Mr. Kevin Conley, CEO, Pres & Director (Age 61)
- Mr. Jeffrey G. Winzeler, Chief Financial Officer and Sec. (Age 58)
- Mr. Norman L. Armour, VP of Operations
- Mr. Patrick Patla, Sr. VP of Marketing (Age 54)
- Ms. Annie Flaig, Sr. VP of Worldwide Sales (Age 47)
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 served 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 stories about MRAM stock have trended somewhat negative recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Everspin Technologies earned a news impact score of -0.01 on Accern's scale. They also gave media stories about the business services provider an impact score of 47.80 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Everspin Technologies' major shareholders?
Everspin Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
AWM INVESTMENT COMPANY, INC.
(6.70%). Company insiders that own Everspin Technologies stock include Kevin Conley, Michael B Gustafson, Nvpg Iv, Llc and Peter Hebert. View Institutional Ownership Trends 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 $7.61.
How big of a company is Everspin Technologies?
Everspin Technologies has a market capitalization of $138.02 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 1347 N ALMA SCHOOL ROAD SUITE 220, CHANDLER AZ, 85224. The business services provider can be reached via phone at 480-347-1111.
MarketBeat Community Rating for Everspin Technologies (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.
Everspin Technologies (NASDAQ:MRAM) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Everspin Technologies in the last 12 months. Their average twelve-month price target is $14.00, suggesting that the stock has a possible upside of 83.97%. The high price target for MRAM is $15.00 and the low price target for MRAM is $13.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $14.00 | $14.00 | $16.6667 | $18.50 |
| Price Target Upside: | 83.97% upside | 55.38% upside | 103.00% upside | 46.83% upside |
Everspin Technologies (NASDAQ:MRAM) Consensus Price Target History
Everspin Technologies (NASDAQ:MRAM) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Everspin Technologies (NASDAQ:MRAM) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Everspin Technologies (NASDAQ MRAM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 24.00%
Institutional Ownership Percentage: 17.26%
Everspin Technologies (NASDAQ MRAM) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/12/2018 | Kevin Conley | Insider | Buy | 14,285 | $7.00 | $99,995.00 | 24,285 |  |
| 2/12/2018 | Michael B Gustafson | Director | Buy | 14,286 | $7.00 | $100,002.00 | 14,286 | |
| 10/13/2016 | Nvpg Iv, Llc | Major Shareholder | Buy | 250,000 | $8.00 | $2,000,000.00 | | |
| 10/13/2016 | Peter Hebert | Director | Buy | 137,420 | $8.00 | $1,099,360.00 | | |
(Data available from 1/1/2013 forward)
Everspin Technologies (NASDAQ MRAM) News Headlines
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Everspin Technologies (NASDAQ:MRAM) SEC Filings
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Everspin Technologies (NASDAQ:MRAM) Income Statement, Balance Sheet and Cash Flow Statement
Everspin Technologies (NASDAQ MRAM) Stock Chart for Friday, April, 20, 2018
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