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NASDAQ:MRAMEverspin Technologies Stock Price, Forecast & News

$6.41
-0.03 (-0.47 %)
(As of 05/28/2020 01:46 PM ET)
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Today's Range
$6.23
Now: $6.41
$6.49
50-Day Range
$2.54
MA: $3.97
$6.69
52-Week Range
$1.75
Now: $6.41
$7.85
Volume13,056 shs
Average Volume1.43 million shs
Market Capitalization$119.67 million
P/E RatioN/A
Dividend YieldN/A
Beta2.41
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems. The company provides its products for applications, including data center, 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.
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Everspin Technologies logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.20 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorBusiness Services
Current SymbolNASDAQ:MRAM
CUSIPN/A
Phone480-347-1111

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$37.50 million
Book Value$1.07 per share

Profitability

Net Income$-14,670,000.00

Miscellaneous

Employees95
Market Cap$119.67 million
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable

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Everspin Technologies (NASDAQ:MRAM) Frequently Asked Questions

How has Everspin Technologies' stock been impacted by COVID-19 (Coronavirus)?

Everspin Technologies' stock was trading at $2.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MRAM stock has increased by 184.9% and is now trading at $6.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Everspin Technologies?

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.

When is Everspin Technologies' next earnings date?

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

How were Everspin Technologies' earnings last quarter?

Everspin Technologies Inc (NASDAQ:MRAM) announced its quarterly earnings data on Thursday, May, 7th. The business services provider reported ($0.05) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.03. 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.

What guidance has Everspin Technologies issued on next quarter's earnings?

Everspin Technologies issued an update on 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 earnings per share 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.

What price target have analysts set for MRAM?

1 brokerages have issued 12 month price targets for Everspin Technologies' shares. Their forecasts range from $10.00 to $10.00. On average, they expect Everspin Technologies' stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 56.0% from the stock's current price. View analysts' price targets for Everspin Technologies.

Has Everspin Technologies been receiving favorable news coverage?

Press coverage about MRAM stock has been trending very positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Everspin Technologies earned a news sentiment score of 3.1 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutEverspin Technologies.

Are investors shorting Everspin Technologies?

Everspin Technologies saw a decline in short interest in May. As of May 15th, there was short interest totaling 240,800 shares, a decline of 25.2% from the April 30th total of 322,000 shares. Based on an average trading volume of 537,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.8% of the shares of the company are short sold. View Everspin Technologies' Current Options Chain.

Who are some of Everspin Technologies' key competitors?

What other stocks do shareholders of Everspin Technologies own?

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).

Who are Everspin Technologies' key executives?

Everspin Technologies' management team includes the following people:
  • Mr. Kevin Conley, CEO, Pres & Director (Age 62)
  • Mr. Jeffrey G. Winzeler, CFO & Sec. (Age 59)
  • Mr. Angelo V. Ugge, VP of Bus. Devel. & Operations (Age 72)
  • Mr. Norman L. Armour, VP of Operations (Age 61)
  • Dr. Sanjeev Aggarwal, VP of Technology R&D (Age 52)

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 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.

What is Everspin Technologies' stock symbol?

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

Who are Everspin Technologies' major shareholders?

Everspin Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Handelsbanken Fonder AB (3.61%), Mutual of America Capital Management LLC (1.64%), BlackRock Inc. (1.37%), Handelsinvest Investeringsforvaltning (0.45%), D.A. Davidson & CO. (0.32%) and RMB Capital Management LLC (0.29%). Company insiders that own Everspin Technologies stock include Jeffrey G Winzeler, Kevin Conley and Sanjeev Aggarwal. View institutional ownership trends for Everspin Technologies.

Which institutional investors are selling Everspin Technologies stock?

MRAM stock was sold by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning, WINTON GROUP Ltd, Alambic Investment Management L.P., and Mutual of America Capital Management LLC. Company insiders that have sold Everspin Technologies company stock in the last year include Kevin Conley, and Sanjeev Aggarwal. View insider buying and selling activity for Everspin Technologies.

Which institutional investors are buying Everspin Technologies stock?

MRAM stock was bought by a variety of institutional investors in the last quarter, including RMB Capital Management LLC, Handelsbanken Fonder AB, Bank of New York Mellon Corp, UBS Group AG, D.A. Davidson & CO., and BlackRock Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Everspin Technologies' stock price today?

One share of MRAM stock can currently be purchased for approximately $6.41.

How big of a company is Everspin Technologies?

Everspin Technologies has a market capitalization of $119.67 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.

What is Everspin Technologies' official website?

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

How can I contact Everspin Technologies?

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.

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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