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Everspin Technologies Inc (MRAM)
NASDAQ:MRAM
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MRAM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.89 - $10.50
Previous Close$5.75
Volume90.72K
Average Volume (3M)162.73K
Market Cap
$125.02M
Enterprise Value$88.26M
Total Cash (Recent Filing)$36.76M
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)74.4
Beta1.08
Next Earnings
Nov 07, 2024EPS Estimate
-$0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.08
Shares Outstanding21,743,166
10 Day Avg. Volume119,734
30 Day Avg. Volume162,733
Standard Deviation0.21
R-Squared0.05
Alpha0.00675
Financial Highlights & Ratios
Price to Book (P/B)2.24
Price to Sales (P/S)2.13
Price to Cash Flow (P/CF)18.00
P/FCF Ratio18.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.52
Enterprise Value/Gross Profit2.37
Enterprise Value/Ebitda28.06
Forecast
1Y Price Target
$8.00Price Target Upside39.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Everspin Technologies News
PremiumCompany Announcements
Everspin Technologies Announces CFO Transition and Interim Successor
Bulls Say, Bears Say
Bulls Say
LicensingPotential upside to 2Q24 estimates should either Licensing project be finalized in the quarter.
Product DevelopmentManagement noted design win momentum for its low-density PERSYST MRAM in industrial automation PLCs that are expected to enter initial production by year-end and ramp in the next calendar year.
Revenue GrowthRevenue is expected to grow through the second half of the year, driven by normalizing customer inventory levels and the ramp of high-density STT MRAM at IBM for data center applications.
Bears Say
EarningsOur estimates come down substantially and we now expect negative EPS in CY24.
Guidance3Q24 guidance came in below estimates including a weak gross margin outlook due to mix and absorption.
LicensingThere are two Licensing projects in limbo (DoD-related RadHard and new Toggle reliability project).
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Ownership Overview
22.61% Insiders
6.99% Mutual Funds
18.91% Other Institutional Investors
51.48% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
MRAM FAQ
What was Everspin Technologies Inc’s price range in the past 12 months?
Everspin Technologies Inc lowest stock price was $4.89 and its highest was $10.50 in the past 12 months.
What is Everspin Technologies Inc’s market cap?
Currently, no data Available
When is Everspin Technologies Inc’s upcoming earnings report date?
Everspin Technologies Inc’s upcoming earnings report date is Nov 07, 2024 which is in 74 days.
How were Everspin Technologies Inc’s earnings last quarter?
Everspin Technologies Inc released its earnings results on Jul 31, 2024. The company reported -$0.12 earnings per share for the quarter, missing the consensus estimate of -$0.115 by -$0.005.
Is Everspin Technologies Inc overvalued?
According to Wall Street analysts Everspin Technologies Inc’s price is currently Undervalued.
Does Everspin Technologies Inc pay dividends?
Everspin Technologies Inc does not currently pay dividends.
What is Everspin Technologies Inc’s EPS estimate?
Everspin Technologies Inc’s EPS estimate is -$0.06.
How many shares outstanding does Everspin Technologies Inc have?
Everspin Technologies Inc has 21,743,166 shares outstanding.
What happened to Everspin Technologies Inc’s price movement after its last earnings report?
Everspin Technologies Inc reported an EPS of -$0.12 in its last earnings report, missing expectations of -$0.115. Following the earnings report the stock price went down -2.899%.
Which hedge fund is a major shareholder of Everspin Technologies Inc?
Among the largest hedge funds holding Everspin Technologies Inc’s share is First Eagle Investment Management LLC. It holds Everspin Technologies Inc’s shares valued at N/A.
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Everspin Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$8.00 (39.13% Upside)
$8.00 (39.13% Upside)
Blogger Sentiment
Bullish
MRAM Sentiment 83%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 236.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $214.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 7.4%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.41%
12-Months-Change
Fundamentals
Return on Equity
3.35%
Trailing 12-Months
Asset Growth
12.74%
Trailing 12-Months
Company Description
Everspin Technologies Inc
Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. Its products store data as a magnetic state and is offered as either a discrete or embedded solution. Its products include Toggle MRAM, Spin-transfer Torque MRAM, nvNITRO Solutions, and Embedded MRAM. The company was founded by Saied Tehrani in June 2008 and is headquartered in Chandler, AZ.
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MRAM Earnings Call
Q2 2024
0:00 / 0:00
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MRAM Stock 12 Month Forecast
Average Price Target
$8.00
▲(39.13% Upside)
Technical Analysis
Best Analysts Covering MRAM
1 Year
1 Year Success Rate
5/20 ratings generated profit
1 Year Average Return
-9.40%
reiterated a buy rating 4 days ago
Copying Richard Shannon's trades and holding each position for 1 Year would result in 25.00% of your transactions generating a profit, with an average return of -9.40% per trade.
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