NASDAQ:MRAMEverspin Technologies Stock Price, Forecast & News

Everspin Technologies' stock was trading at $2.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MRAM shares have increased by 182.2% and is now trading at $6.35.
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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."
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Everspin Technologies is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Everspin Technologies Inc (NASDAQ:MRAM) announced its quarterly earnings results on Thursday, August, 6th. The business services provider reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.04. Everspin Technologies had a negative net margin of 23.99% and a negative return on equity of 43.67%.
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Everspin Technologies issued an update on its third quarter 2020 After-Hours earnings guidance on Thursday, August, 6th. The company provided EPS guidance of -0.06-0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.01. The company issued revenue guidance of $10-10.8 million, compared to the consensus revenue estimate of $13.05 million.

1 brokers have issued 1 year price objectives for Everspin Technologies' shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate Everspin Technologies' stock price to reach $10.00 in the next year. This suggests a possible upside of 57.5% from the stock's current price.
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Media stories about MRAM stock have been trending very positive recently, according to InfoTrie. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Everspin Technologies earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Everspin Technologies.

Some companies that are related to Everspin Technologies include Magnachip Semiconductor (MX), NeoPhotonics (NPTN), Ebang (EBON), Adesto Technologies (IOTS), DSP Group (DSPG), Applied Optoelectronics (AAOI), Alpha and Omega Semiconductor (AOSL), NVE (NVEC), Atomera (ATOM), AXT (AXTI), Sequans Communications (SQNS), Kopin (KOPN), GSI Technology (GSIT), Resonant (RESN) and Netlist (NLST).
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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), 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 a price of $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.

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 shareholders include Mutual of America Capital Management LLC (1.58%), UBS Group AG (0.53%), Schnieders Capital Management LLC (0.05%) and Optimum Investment Advisors (0.03%). Company insiders that own Everspin Technologies stock include Jeffrey G Winzeler, Kevin Conley, Sanjeev Aggarwal and Troy Winslow.
View institutional ownership trends for Everspin Technologies.

MRAM stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have sold Everspin Technologies company stock in the last year include Kevin Conley, Sanjeev Aggarwal, and Troy Winslow.
View insider buying and selling activity for Everspin Technologies.

MRAM stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Schnieders Capital Management LLC, and Optimum Investment Advisors.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of MRAM stock can currently be purchased for approximately $6.35.

Everspin Technologies has a market capitalization of $118.55 million and generates $37.50 million in revenue each year. 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.