EVERSPIN TECH (MRAM) Expected to Announce Earnings on Wednesday

EVERSPIN TECH (NASDAQ:MRAM) is projected to release its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect EVERSPIN TECH to post earnings of $0.03 per share and revenue of $13.00 million for the quarter.

EVERSPIN TECH Stock Down 0.8%

EVERSPIN TECH stock opened at $6.01 on Monday. The business has a 50 day moving average price of $6.30 and a two-hundred day moving average price of $5.82. The stock has a market cap of $135.04 million, a price-to-earnings ratio of -300.50 and a beta of 0.13. EVERSPIN TECH has a 12 month low of $4.34 and a 12 month high of $7.08.

Insider Activity

In other news, CEO Sanjeev Aggarwal sold 17,327 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $6.47, for a total value of $112,105.69. Following the completion of the transaction, the chief executive officer directly owned 607,706 shares of the company’s stock, valued at approximately $3,931,857.82. This represents a 2.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 33,793 shares of company stock valued at $220,425. Corporate insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On EVERSPIN TECH

A hedge fund recently raised its stake in EVERSPIN TECH stock. Rhumbline Advisers boosted its holdings in shares of EVERSPIN TECH (NASDAQ:MRAM) by 55.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,835 shares of the business services provider’s stock after purchasing an additional 13,086 shares during the period. Rhumbline Advisers owned 0.16% of EVERSPIN TECH worth $188,000 as of its most recent SEC filing. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC assumed coverage on EVERSPIN TECH in a report on Thursday, May 1st. They issued a “buy” rating for the company.

About EVERSPIN TECH

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.