Everspin Technologies Stock Forecast, Price & News

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.
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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.
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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.
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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.
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Everspin Technologies is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
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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%.
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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.

5 employees have rated Everspin Technologies CEO Kevin Conley on Glassdoor.com. Kevin Conley has an approval rating of 79% among Everspin Technologies' employees.

Some companies that are related to Everspin Technologies include FTC Solar (FTCI), Valens Semiconductor (VLN), Meta Materials (MMAT), ReneSola (SOL), Rockley Photonics (RKLY), SkyWater Technology (SKYT), AXT (AXTI), Arteris (AIP), Transphorm (TGAN), POET Technologies (POETF), NVE (NVEC), Atomera (ATOM), POET Technologies (POET), Ascent Solar Technologies (ASTI) and Beam Global (BEEM).
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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).

(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."

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.
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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.
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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.
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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.
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One share of MRAM stock can currently be purchased for approximately $5.19.

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.

Everspin Technologies employs 75 workers across the globe.

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.