Everspin Technologies (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: $6.19 to $6.57
• 50-Day Range: $5.81 to $6.82
• 52-Week Range: $4.89 to $9.43
• Volume: 104,258 shs
• Average Volume: 119,174 shs
• Market Capitalization: $144.14 million
• P/E Ratio: 103.83
• Dividend Yield: N/A
• Price Target: $9.00
• Consensus Rating: Buy

Everspin Technologies Stock Analysis - MarketRank™

Everspin Technologies scored higher than 43% of companies evaluated by MarketBeat, and ranked 201st out of 338 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 Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 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.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Everspin Technologies is 106.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Everspin Technologies is 106.67, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 45.79.

Price to Book Value per Share Ratio

Everspin Technologies has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.59% 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 6.

Change versus previous month

Short interest in Everspin Technologies has recently increased by 9.65%, indicating that investor sentiment is decreasing significantly.

Dividend

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

Dividend Yield

Everspin Technologies does not currently pay a dividend.

Dividend Growth

Everspin Technologies does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

3.59% 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 6.

Change versus previous month

Short interest in Everspin Technologies has recently increased by 9.65%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.65

News Sentiment

Everspin Technologies has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Everspin Technologies this week, compared to 2 articles on an average week.

Company Ownership

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

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 $133,620.00 in company stock.

Percentage Held by Insiders

Only 6.10% 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.

MRAM Stock Analysis - Frequently Asked Questions

How have MRAM shares performed this year?

Everspin Technologies' stock was trading at $9.04 at the beginning of the year. Since then, MRAM stock has decreased by 29.2% and is now trading at $6.40.
View the best growth stocks for 2024 here.

How were Everspin Technologies' earnings last quarter?

Everspin Technologies, Inc. (NASDAQ:MRAM) issued its earnings results on Wednesday, May, 1st. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by $0.04. The business services provider earned $14.43 million during the quarter. Everspin Technologies had a net margin of 2.85% and a trailing twelve-month return on equity of 2.74%.

When did Everspin Technologies IPO?

Everspin Technologies (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 Technologies' major shareholders?

Everspin Technologies' top institutional shareholders include Geode Capital Management LLC (1.88%), State Street Corp (1.00%), Barclays PLC (0.24%) and Barclays PLC (0.24%). 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 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.

What other stocks do shareholders of Everspin Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Everspin Technologies 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: 5/01/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:MRAM
• CUSIP: N/A
• 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: $9.00
• High Stock Price Target: $10.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +44.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.06
• Trailing P/E Ratio: 103.83
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $9.05 million
• Net Margins: 2.85%
• Pretax Margin: 2.98%
• Return on Equity: 2.74%
• Return on Assets: 2.27%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.74
• Quick Ratio: 5.85

Sales & Book Value

• Annual Sales: $53.87 million
• Price / Sales: 2.54
• Cash Flow: $0.46 per share
• Price / Cash Flow: 13.41
• Book Value: $2.57 per share
• Price / Book: 2.42

Miscellaneous

• Outstanding Shares: 21,972,000
• Free Float: 20,632,000
• Market Cap: $136.89 million
• Optionable: Optionable
• Beta: 0.90