Everspin Technologies (MRAM) Projected to Post Quarterly Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Everspin Technologies to post earnings of ($0.03) per share and revenue of $12.50 million for the quarter. Everspin Technologies has set its Q1 2025 guidance at -0.050-0.000 EPS.

Everspin Technologies (NASDAQ:MRAM - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $13.20 million during the quarter, compared to the consensus estimate of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Everspin Technologies Price Performance

MRAM opened at $5.17 on Wednesday. The firm has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $5.88. Everspin Technologies has a fifty-two week low of $4.34 and a fifty-two week high of $7.73. The company has a market cap of $115.56 million, a price-to-earnings ratio of 86.17 and a beta of 0.62.

Insider Activity at Everspin Technologies

In other news, CEO Sanjeev Aggarwal sold 16,845 shares of Everspin Technologies stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $5.00, for a total transaction of $84,225.00. Following the transaction, the chief executive officer now directly owns 637,983 shares of the company's stock, valued at $3,189,915. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 54,422 shares of company stock worth $285,429. 6.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Everspin Technologies from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.

Everspin Technologies Company Profile

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.

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