NASDAQ:MRAMEverspin Technologies Stock Price, Forecast & News

Everspin Technologies' stock was trading at $2.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MRAM stock has increased by 203.6% and is now trading at $6.83. View which stocks have been most impacted by Coronavirus.

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.

Everspin Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Everspin Technologies.

Everspin Technologies Inc (NASDAQ:MRAM) released its quarterly earnings data on Thursday, May, 7th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The business services provider had revenue of $10.11 million for the quarter. Everspin Technologies had a negative return on equity of 17.36% and a negative net margin of 12.82%. View Everspin Technologies' earnings history.

Everspin Technologies updated its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided EPS guidance of -0.06-0.00 for the period, compared to the Thomson Reuters consensus estimate of $-0.07. The company issued revenue guidance of $11.5-12.5 million, compared to the consensus revenue estimate of $10.26 million.

1 equities research analysts have issued 12-month price objectives for Everspin Technologies' stock. Their forecasts range from $10.00 to $10.00. On average, they anticipate Everspin Technologies' stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price. View analysts' price targets for Everspin Technologies.

Media headlines about MRAM stock have trended negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Everspin Technologies earned a news impact score of -2.1 on InfoTrie's scale. They also gave news coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Everspin Technologies.

Everspin Technologies saw a decrease in short interest in June. As of June 30th, there was short interest totaling 179,200 shares, a decrease of 33.1% from the June 15th total of 267,900 shares. Based on an average trading volume of 557,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.3% of the company's stock are short sold. View Everspin Technologies' Current Options Chain.

Some companies that are related to Everspin Technologies include NeoPhotonics (NPTN), Adesto Technologies (IOTS), DSP Group (DSPG), Magnachip Semiconductor (MX), NVE (NVEC), Alpha and Omega Semiconductor (AOSL), Applied Optoelectronics (AAOI), AXT (AXTI), Atomera (ATOM), GSI Technology (GSIT), Sequans Communications (SQNS), Netlist (NLST), Resonant (RESN), POET Technologies (POETF) and Pixelworks (PXLW). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Everspin Technologies investors own include NVIDIA (NVDA), Micron Technology (MU), Editas Medicine (EDIT), Freeport-McMoRan (FCX), Square (SQ), Advanced Micro Devices (AMD), Splunk (SPLK), Crispr Therapeutics (CRSP), Plug Power (PLUG) and Arista Networks (ANET).

(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.

Everspin Technologies trades on the NASDAQ under the ticker symbol "MRAM."

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, Robinhood, Fidelity, and Charles Schwab.

One share of MRAM stock can currently be purchased for approximately $6.83.

Everspin Technologies has a market capitalization of $127.48 million and generates $37.50 million in revenue each year. The business services provider earns $-14,670,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis. Everspin Technologies employs 95 workers across the globe.

The official website for Everspin Technologies is www.everspin.com.

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.