NASDAQ:MRAM

Everspin Technologies (MRAM) Stock Price, News & Analysis

$7.37
+0.09 (+1.24%)
(As of 04/23/2024 ET)
Today's Range
$7.27
$7.48
50-Day Range
$7.27
$9.14
52-Week Range
$6.20
$10.50
Volume
48,473 shs
Average Volume
75,806 shs
Market Capitalization
$156.47 million
P/E Ratio
17.55
Dividend Yield
N/A
Price Target
$12.00

Everspin Technologies MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
62.8% Upside
$12.00 Price Target
Short Interest
Healthy
0.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of Everspin Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$590,033 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.79 out of 5 stars

Business Services Sector

200th out of 307 stocks

Semiconductors & Related Devices Industry

58th out of 85 stocks

MRAM stock logo

About Everspin Technologies Stock (NASDAQ:MRAM)

Everspin Technologies, Inc. engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products. The company provides its products for applications, including industrial, medical, automotive/transportation, aerospace, and data center markets. It serves original equipment manufacturers, contract manufacturers, and original design manufacturers 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.

MRAM Stock Price History

MRAM Stock News Headlines

The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Everspin Technologies Inc.
Q4 2023 Everspin Technologies Inc Earnings Call
Everspin Technologies: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:MRAM
Fax
N/A
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.00
High Stock Price Target
$12.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+62.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$9.05 million
Pretax Margin
14.17%

Debt

Sales & Book Value

Annual Sales
$63.76 million
Cash Flow
$0.50 per share
Book Value
$2.57 per share

Miscellaneous

Free Float
19,930,000
Market Cap
$156.47 million
Optionable
Optionable
Beta
0.99
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MRAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Everspin Technologies stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everspin Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MRAM shares.
View MRAM analyst ratings
or view top-rated stocks.

What is Everspin Technologies' stock price target for 2024?

1 Wall Street research analysts have issued twelve-month target prices for Everspin Technologies' stock. Their MRAM share price targets range from $12.00 to $12.00. On average, they anticipate the company's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 62.8% from the stock's current price.
View analysts price targets for MRAM
or view top-rated stocks among Wall Street analysts.

How have MRAM shares performed in 2024?

Everspin Technologies' stock was trading at $9.04 at the start of the year. Since then, MRAM shares have decreased by 18.5% and is now trading at $7.37.
View the best growth stocks for 2024 here
.

When is Everspin Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our MRAM earnings forecast
.

How can I listen to Everspin Technologies' earnings call?

Everspin Technologies will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Everspin Technologies' earnings last quarter?

Everspin Technologies, Inc. (NASDAQ:MRAM) issued its quarterly earnings data on Wednesday, February, 28th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. The business services provider earned $16.71 million during the quarter. Everspin Technologies had a net margin of 14.20% and a trailing twelve-month return on equity of 18.96%.

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

Everspin Technologies issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of 0.000-0.050 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $13.5 million-$14.5 million, compared to the consensus revenue estimate of $15.6 million.

What is Kevin Conley's approval rating as Everspin Technologies' CEO?

5 employees have rated Everspin Technologies Chief Executive Officer Kevin Conley on Glassdoor.com. Kevin Conley has an approval rating of 79% among the company's employees.

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), Advanced Micro Devices (AMD), Block (SQ), Editas Medicine (EDIT), Freeport-McMoRan (FCX), CRISPR Therapeutics (CRSP), Akoustis Technologies (AKTS), Lumentum (LITE) and Plug Power (PLUG).

When did Everspin Technologies IPO?

Everspin Technologies (MRAM) raised $46 million in an initial public offering 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.

How do I buy shares of Everspin Technologies?

Shares of MRAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MRAM) was last updated on 4/24/2024 by MarketBeat.com Staff

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