EVERSPIN TECH (MRAM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $5.96 to $6.10
• 50-Day Range: $4.89 to $6.22
• 52-Week Range: $4.34 to $7.00
• Volume: 72,504 shs
• Average Volume: 115,429 shs
• Market Capitalization: $136.39 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.00
• Consensus Rating: Buy

EVERSPIN TECH Stock Analysis - MarketRank™

EVERSPIN TECH scored higher than 35% of companies evaluated by MarketBeat, and ranked 214th out of 302 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

EVERSPIN TECH has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

EVERSPIN TECH has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of EVERSPIN TECH is -303.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of EVERSPIN TECH is -303.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

EVERSPIN TECH has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.15% of the float of EVERSPIN TECH has been sold short.

Short Interest Ratio / Days to Cover

EVERSPIN TECH has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in EVERSPIN TECH has recently decreased by 0.96%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

EVERSPIN TECH does not currently pay a dividend.

Dividend Growth

EVERSPIN TECH does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.15% of the float of EVERSPIN TECH has been sold short.

Short Interest Ratio / Days to Cover

EVERSPIN TECH has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in EVERSPIN TECH has recently decreased by 0.96%, indicating that investor sentiment is improving.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

1 people have added EVERSPIN TECH to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, EVERSPIN TECH insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $220,088.00 in company stock.

Percentage Held by Insiders

Only 6.90% of the stock of EVERSPIN TECH is held by insiders.

Percentage Held by Institutions

44.68% of the stock of EVERSPIN TECH is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MRAM Stock Analysis - Frequently Asked Questions

How have MRAM shares performed this year?

EVERSPIN TECH's stock was trading at $6.39 on January 1st, 2025. Since then, MRAM stock has decreased by 5.0% and is now trading at $6.07.
View the best growth stocks for 2025 here.

How were EVERSPIN TECH's earnings last quarter?

EVERSPIN TECH (NASDAQ:MRAM) posted its quarterly earnings data on Wednesday, February, 26th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. The business services provider had revenue of $13.20 million for the quarter, compared to the consensus estimate of $12.50 million. EVERSPIN TECH had a negative net margin of 0.37% and a negative trailing twelve-month return on equity of 0.30%.
Read the conference call transcript.

When did EVERSPIN TECH IPO?

EVERSPIN TECH (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 acted as the underwriters for the IPO and Canaccord Genuity and Craig-Hallum Capital Group were co-managers.

Who are EVERSPIN TECH's major shareholders?

Top institutional shareholders of EVERSPIN TECH include Lynrock Lake LP (7.06%), Acadian Asset Management LLC (2.91%), Royal Bank of Canada (1.57%) and Bank of New York Mellon Corp (0.45%). Insiders that own company stock include Sanjeev Aggarwal, Anuj Aggarwal, David Schrenk, Darin G Billerbeck, Michael B Gustafson, Troy Winslow and Matthew Tenorio.
View institutional ownership trends.

How do I buy shares of EVERSPIN TECH?

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.

What other stocks do shareholders of EVERSPIN TECH own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EVERSPIN TECH investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Broadcom (AVGO), ServiceNow (NOW), CrowdStrike (CRWD) and Adobe (ADBE).

Company Calendar

• Last Earnings: 2/26/2025
• Today: 6/19/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:MRAM
• CIK: 1438423
• Web: www.everspin.com
• Phone: (480) 347-1111
• Fax: N/A
• Employees: 90
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.00
• High Stock Price Target: $8.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +31.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $780 thousand
• Net Margins: -0.37%
• Pretax Margin: -0.39%
• Return on Equity: -0.30%
• Return on Assets: -0.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.31
• Quick Ratio: 4.44

Sales & Book Value

• Annual Sales: $50.40 million
• Price / Sales: 2.71
• Cash Flow: $0.12 per share
• Price / Cash Flow: 52.31
• Book Value: $2.85 per share
• Price / Book: 2.13

Miscellaneous

• Outstanding Shares: 22,470,000
• Free Float: 20,917,000
• Market Cap: $136.39 million
• Optionable: Optionable
• Beta: 0.18