Everspin Technologies (MRAM) Set to Announce Quarterly Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Everspin Technologies has set its Q1 2024 guidance at 0.000-0.050 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Everspin Technologies had a return on equity of 18.96% and a net margin of 14.20%. The firm had revenue of $16.71 million for the quarter.

Everspin Technologies Stock Up 1.2 %

NASDAQ MRAM opened at $7.37 on Wednesday. The stock’s 50-day moving average price is $8.12 and its 200-day moving average price is $8.71. Everspin Technologies has a 52 week low of $6.20 and a 52 week high of $10.50. The company has a market capitalization of $156.47 million, a P/E ratio of 17.55 and a beta of 0.99.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Everspin Technologies in a research note on Thursday, February 29th.

Insider Activity at Everspin Technologies

In related news, Director Geoffrey G. Ribar sold 6,000 shares of Everspin Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.50, for a total transaction of $51,000.00. Following the sale, the director now owns 88,109 shares of the company’s stock, valued at approximately $748,926.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Geoffrey G. Ribar sold 6,000 shares of Everspin Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.50, for a total transaction of $51,000.00. Following the sale, the director now owns 88,109 shares of the company’s stock, valued at approximately $748,926.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Schrenk sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $8.03, for a total value of $40,150.00. Following the transaction, the vice president now owns 115,767 shares of the company’s stock, valued at approximately $929,609.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,968 shares of company stock valued at $590,033. 6.10% of the stock is owned by company insiders.

About Everspin Technologies

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.