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 year. 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 brokerages have issued 12-month target prices for Everspin Technologies' shares. 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 year. This suggests a possible upside of 61.5% 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 beginning of 2024. Since then, MRAM shares have decreased by 17.8% and is now trading at $7.43. 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) released its earnings results on Wednesday, February, 28th. The business services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. The business services provider earned $16.71 million during the quarter. Everspin Technologies had a trailing twelve-month return on equity of 18.96% and a net margin of 14.20%.

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 guidance of 0.000-0.050 for the period, compared to the consensus earnings per share 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 (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.

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 .

NASDAQ:MRAM

Everspin Technologies (MRAM) Stock Price, News & Analysis

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Free MRAM Stock Alerts

$7.40

-0.09 (-1.20%)

(As of 11:05 AM ET)

Compare

Today's Range: $7.38
▼
$7.46
50-Day Range: $7.45
▼
$9.14
52-Week Range: $6.20
▼
$10.50

Volume: 9,275 shs
Average Volume: 95,851 shs
Market Capitalization: $157.10 million

P/E Ratio: 17.62
Dividend Yield: N/A
Price Target: $12.00

Get Everspin Technologies alerts:

Everspin Technologies MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 61.5% Upside
$12.00 Price Target
Short Interest: Healthy
0.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 2 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.

2.05 out of 5 stars

Business Services Sector

210th out of 305 stocks

Semiconductors & Related Devices Industry

66th out of 89 stocks

3.5

Analyst's Opinion

Consensus Rating
Everspin Technologies 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 Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.62% of the float of Everspin Technologies has been sold short.
Short Interest Ratio / Days to Cover
Everspin Technologies has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Everspin Technologies has recently increased by 15.99%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Everspin Technologies does not currently pay a dividend.
Dividend Growth
Everspin Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRAM.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Everspin Technologies this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for MRAM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Everspin Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Everspin Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $590,033.00 in company stock.
Percentage Held by Insiders
Only 5.00% of the stock of Everspin Technologies is held by insiders.
Percentage Held by Institutions
44.68% of the stock of Everspin Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Everspin Technologies is 17.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Everspin Technologies is 17.69, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.33.
Price to Book Value per Share Ratio
Everspin Technologies has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

MRAM Stock News Headlines

April 5, 2024 | insidertrades.com

Everspin Technologies, Inc. (NASDAQ:MRAM) CFO Anuj Aggarwal Sells 12,852 Shares

April 5, 2024 | insidertrades.com

Insider Selling: Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sells 17,452 Shares of Stock

April 19, 2024 | InvestorPlace (Ad)

New crypto project uncovers 2,050% in 65 days

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March 22, 2024 | insidertrades.com

Insider Selling: Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells 1,560 Shares of Stock

April 17, 2024 | businesswire.com

Everspin Announces Date of First Quarter 2024 Financial Results Conference Call

April 17, 2024 | finance.yahoo.com

While institutions own 36% of Everspin Technologies, Inc. (NASDAQ:MRAM), retail investors are its largest shareholders with 38% ownership

April 9, 2024 | businesswire.com

Everspin Technologies Unveils PERSYST, Simplifying Persistent Memory Solutions

April 4, 2024 | finance.yahoo.com

Insider Sell: CFO Anuj Aggarwal Disposes Shares of Everspin Technologies Inc (MRAM)

April 19, 2024 | InvestorPlace (Ad)

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April 4, 2024 | finance.yahoo.com

Insider Sell: Everspin Technologies Inc (MRAM) CEO Sanjeev Aggarwal Disposes of Shares

March 28, 2024 | uk.finance.yahoo.com

Next Generation Memory Market Projected to Reach USD 24.76 Billion by 2029

March 26, 2024 | finance.yahoo.com

13 Best Affordable Tech Stocks To Buy According to Analysts

March 22, 2024 | wsj.com

Everspin Technologies Inc.

March 22, 2024 | finance.yahoo.com

Why Everspin Technologies, Inc. (NASDAQ:MRAM) Could Be Worth Watching

March 15, 2024 | uk.investing.com

Everspin Technologies appoints semiconductor veteran to board

March 11, 2024 | businesswire.com

Everspin Technologies Submits Application for U.S. CHIPS and Science Act Funding

March 7, 2024 | benzinga.com

Anuj Aggarwal Implements A Sell Strategy: Offloads $164K In Everspin Technologies Stock

March 7, 2024 | finance.yahoo.com

Insider Sell: CFO Anuj Aggarwal Sells 20,000 Shares of Everspin Technologies Inc (MRAM)

February 29, 2024 | finance.yahoo.com

Everspin Technologies, Inc. (NASDAQ:MRAM) Q4 2023 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

Q4 2023 Everspin Technologies Inc Earnings Call

February 28, 2024 | benzinga.com

Everspin Technologies: Q4 Earnings Insights

February 28, 2024 | finance.yahoo.com

Everspin Technologies Inc (MRAM) Achieves Record Annual Revenue and Profitability in 2023

February 28, 2024 | businesswire.com

Everspin Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

February 26, 2024 | businesswire.com

Everspin Technologies to Present at the Baird Virtual Vehicle Technology & Mobility Conference

February 17, 2024 | finance.yahoo.com

Everspin Technologies (NASDAQ:MRAM) Shareholders Will Want The ROCE Trajectory To Continue

February 14, 2024 | finance.yahoo.com

Everspin Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call

February 14, 2024 | businesswire.com

Everspin Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:MRAM
CUSIP: N/A
CIK: 1438423
Web: www.everspin.com
Phone: (480) 347-1111
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: +61.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.42
Trailing P/E Ratio: 17.69
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $9.05 million
Net Margins: 14.20%
Pretax Margin: 14.17%
Return on Equity: 18.96%
Return on Assets: 15.09%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.59
Quick Ratio: 5.64

Sales & Book Value

Annual Sales: $63.76 million
Price / Sales: 2.47
Cash Flow: $0.49 per share
Price / Cash Flow: 15.25
Book Value: $2.57 per share
Price / Book: 2.89

Miscellaneous

Outstanding Shares: 21,230,000
Free Float: 20,164,000
Market Cap: $157.74 million
Optionable: Optionable
Beta: 0.99

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Key Executives

Dr. Sanjeev Aggarwal Ph.D. (Age 57)
President, CEO & Director
Comp: $961.87k
Mr. Anuj Aggarwal (Age 44)
Chief Financial Officer
Comp: $637.73k
Mr. Amit Shah
Vice President of Operations
Mr. Kerry Nagel
Vice President of Technology
Mr. David Schrenk (Age 48)
Vice President of Sales & Business Development
Ms. Aparna Oka
Corporate Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 year. 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 brokerages have issued 12-month target prices for Everspin Technologies' shares. 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 year. This suggests a possible upside of 61.5% 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 beginning of 2024. Since then, MRAM shares have decreased by 17.8% and is now trading at $7.43.
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) released its earnings results on Wednesday, February, 28th. The business services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. The business services provider earned $16.71 million during the quarter. Everspin Technologies had a trailing twelve-month return on equity of 18.96% and a net margin of 14.20%.

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 guidance of 0.000-0.050 for the period, compared to the consensus earnings per share 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 (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.
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 4/19/2024 by MarketBeat.com Staff

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Everspin Technologies (MRAM) Stock Price, News & Analysis

Everspin Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Everspin Technologies Stock (NASDAQ:MRAM)

MRAM Stock Price History

MRAM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MRAM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™