Media coverage about Everspin Tech (NASDAQ:MRAM) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Everspin Tech earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.2393123348918 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
MRAM has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 price target on shares of Everspin Tech in a report on Thursday. Zacks Investment Research raised shares of Everspin Tech from a “sell” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price target on shares of Everspin Tech in a report on Monday, August 28th. Finally, Canaccord Genuity reissued a “buy” rating and set a $18.00 price objective (up previously from $12.00) on shares of Everspin Tech in a research note on Monday, August 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Everspin Tech currently has a consensus rating of “Buy” and an average price target of $18.50.
Everspin Tech (NASDAQ:MRAM) last issued its earnings results on Thursday, August 10th. The business services provider reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.02). The firm had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.75 million.
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About Everspin Tech
Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. The Company’s products include 8-bit/16-bit Parallel Interface MRAM, Serial Peripheral Interface (SPI), Quad SPI and Double Data Rate (DDR) 3 dynamic random-access memory (DRAM) Compatible MRAM – Spin Torque Technology.
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