Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Everspin Technologies Inc Market Cap
Based on ratings from 2 stock analysts, the Everspin Technologies Inc stock price is expected to increase by 39.1% in 12 months. This is calculated by using the average 12-month stock price forecast for Everspin Technologies Inc. The lowest target is $8 and the highest is $10. Please note analyst price targets are not guaranteed and could be missed completely.
About 2 Wall Street analysts have assignedMRAM 2 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Everspin Technologies Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MRAM. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MRAM.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Quinn Bolton Needham | Buy | $8 | Reiterates | Oct 31, 2024 |
| Quinn Bolton Needham | Buy | $8 | Reiterates | Aug 1, 2024 |
| Quinn Bolton Needham | Buy | $8 | Maintains | May 2, 2024 |
| Richard Shannon Craig-Hallum | Buy | $10 | Maintains | May 2, 2024 |
| Quinn Bolton Needham | Buy | $12 | Reiterates | Feb 29, 2024 |
| Quinn Bolton Needham | Buy | $12 | Reiterates | Aug 3, 2023 |
| Rajvindra Gill Needham | Strong Buy | $10 | Maintains | Mar 2, 2023 |
| Rajvindra Gill Needham | Strong Buy | $9 | Maintains | May 12, 2022 |
| Rajvindra Gill Needham | Strong Buy | $13 | Maintains | Mar 3, 2022 |
| Rajvindra Gill Needham | Strong Buy | $12 | Maintains | Nov 12, 2021 |
Stifel Nicolaus | Buy | Maintains | Mar 16, 2018 | |
| Kevin Cassidy Stifel | Buy | $13 | Maintains | Mar 16, 2018 |
| Matt Ramsay Canaccord Genuity | Buy | $15 | Maintains | Nov 17, 2017 |
| Matt Ramsay Canaccord Genuity | Buy | $18 | Maintains | Aug 14, 2017 |
Stifel Nicolaus | Buy | Initiates | Nov 2, 2016 | |
Canaccord Genuity | Buy | Initiates | Nov 2, 2016 | |
Craig-Hallum | Buy | Initiates | Nov 2, 2016 | |
Stifel | Buy | Initiates | Nov 2, 2016 | |
Needham | Strong Buy | Initiates | Nov 2, 2016 |
When did it IPO
2016
Staff Count
82
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Dr. Sanjeev Aggarwal Ph.D.
Market Cap
$142.2M
In 2023, MRAM generated $63.8M in revenue, which was a increase of 6.30% from the previous year. This can be seen as a signal that MRAM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 06 Dec 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Everspin Technologies presents a low valuation with potential for high AI-driven growth. It has $39.6M cash, no debt, and a market cap of $135M, indicating strong financial health and growth prospects.
Why It Matters - Everspin's low valuation, strong cash position, and growth potential in AI make it an attractive investment opportunity, signaling possible significant share price appreciation.
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Everspin Technologies (NASDAQ: MRAM) held its Q3 2024 results conference call on October 30, 2024, featuring CEO Sanjeev Aggarwal and Interim CFO Matt Tenorio.
Why It Matters - Everspin's Q3 2024 results will provide insights into its financial health and growth, influencing stock performance and investor sentiment. Key analyst questions could reveal future prospects.
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Everspin Technologies reported third-quarter 2024 revenue aligned with guidance and GAAP net income per diluted share exceeding expectations, attributed to new contracts and cost containment efforts.
Why It Matters - Everspin's Q3 results meeting revenue guidance and surpassing net income expectations, driven by new contracts, indicates strong demand and operational efficiency, positively impacting investor confidence.
Wed, 16 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Everspin Technologies (NASDAQ: MRAM) will release Q3 2024 financial results after market close on October 30, 2024, followed by a conference call at 5:00 p.m. ET.
Why It Matters - Everspin's upcoming financial results and conference call may influence stock performance, offering insights into company growth and market position in the MRAM sector.
Tue, 08 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Everspin Technologies (NASDAQ: MRAM) announced that Lucid Motors will utilize its PERSYST MRAM in the Gravity SUV for data logging, meeting AEC Q100 Grade 1 temperature specifications.
Why It Matters - Everspin's partnership with Lucid Motors signals increased demand for its MRAM technology, potentially boosting revenue and market position, which can positively impact stock performance.
Tue, 20 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Everspin Technologies (NASDAQ: MRAM) announced a strategic award to develop a long-term manufacturing plan for aerospace and defense, focusing on mitigating supply chain risks for MRAM.
Why It Matters - Everspin's strategic award for aerospace and defense manufacturing enhances its market position and supply chain resilience, potentially driving future revenue growth and investor confidence.
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