Everspin Tech (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: $6.15 to $6.55
• 50-Day Range: $5.71 to $6.99
• 52-Week Range: $4.34 to $7.08
• Volume: 131,989 shs
• Average Volume: 108,965 shs
• Market Capitalization: $145.22 million
• P/E Ratio: 91.93
• Dividend Yield: N/A
• Price Target: $8.00
• Consensus Rating: Buy

Everspin Tech Stock Analysis - MarketRank™

Everspin Tech scored higher than 42% of companies evaluated by MarketBeat, and ranked 145th out of 307 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: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Everspin Tech 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 Tech has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Everspin Tech is 91.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 28.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Everspin Tech is 91.93, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.35.

Price to Book Value per Share Ratio

Everspin Tech has a P/B Ratio of 2.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.20% of the float of Everspin Tech has been sold short.

Short Interest Ratio / Days to Cover

Everspin Tech has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Everspin Tech has recently decreased by 7.26%, indicating that investor sentiment is improving significantly.

Dividend

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

Dividend Yield

Everspin Tech does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

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

Percentage of Shares Shorted

2.20% of the float of Everspin Tech has been sold short.

Short Interest Ratio / Days to Cover

Everspin Tech has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Everspin Tech has recently decreased by 7.26%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: N/A

News Sentiment

Everspin Tech has a news sentiment score of 0.94. 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 is a higher news sentiment than the 0.61 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Everspin Tech 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 Tech insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $239,346.00 in company stock.

Percentage Held by Insiders

Only 6.90% of the stock of Everspin Tech is held by insiders.

Percentage Held by Institutions

44.68% of the stock of Everspin Tech 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 Tech's stock was trading at $6.39 on January 1st, 2025. Since then, MRAM stock has increased by 0.5% and is now trading at $6.42.

How were Everspin Tech's earnings last quarter?

Everspin Tech (NASDAQ:MRAM) posted its earnings results on Wednesday, February, 26th. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by $0.01. The business services provider earned $13.20 million during the quarter, compared to analyst estimates of $12.50 million. Everspin Tech had a trailing twelve-month return on equity of 2.65% and a net margin of 3.19%.
Read the conference call transcript.

When did Everspin Tech IPO?

Everspin Tech (MRAM) raised $46 million in an initial public offering (IPO) on Friday, October 7th 2016. The company issued 3,800,000 shares at $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.

Who are Everspin Tech's major shareholders?

Everspin Tech's top institutional shareholders include Immersion Corp (3.53%), Herald Investment Management Ltd (3.00%), Acadian Asset Management LLC (2.87%) and Geode Capital Management LLC (0.94%). Insiders that own company stock include Sanjeev Aggarwal, Anuj Aggarwal, David Schrenk, Darin G Billerbeck and Matthew Tenorio.
View institutional ownership trends.

How do I buy shares of Everspin Tech?

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.

What other stocks do shareholders of Everspin Tech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Everspin Tech 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: 2/26/2025
• Today: 8/22/2025
• Next Earnings (Estimated): 10/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:MRAM
• CIK: 1438423
• Web: www.everspin.com
• Phone: (480) 347-1111
• Fax: N/A
• Employees: 90
• Year Founded: 2008

Price Target and Rating

• Average Price Target for Everspin Tech: $8.00
• High Price Target: $8.00
• Low Price Target: $8.00
• Potential Upside/Downside: +28.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.07
• Trailing P/E Ratio: 84.64
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $780 thousand
• Net Margins: 3.19%
• Pretax Margin: 2.97%
• Return on Equity: 2.65%
• Return on Assets: 2.13%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.87
• Quick Ratio: 4.85

Sales & Book Value

• Annual Sales: $50.40 million
• Price / Sales: 2.81
• Cash Flow: $0.12 per share
• Price / Cash Flow: 52.04
• Book Value: $2.83 per share
• Price / Book: 2.21

Miscellaneous

• Outstanding Shares: 22,620,000
• Free Float: 21,064,000
• Market Cap: $141.38 million
• Optionable: Optionable
• Beta: 0.13