News articles about Everspin Technologies (NASDAQ:MRAM) have trended somewhat positive on Friday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Everspin Technologies earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.1820828492904 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Everspin Technologies (MRAM) Receives “Buy” Rating from Needham & Company LLC (americanbankingnews.com)
- Everspin Begins 40nm STT-MRAM Volume Production (finance.yahoo.com)
- Everspin Technologies Inc (MRAM) Expected to Announce Quarterly Sales of $10.10 Million (americanbankingnews.com)
- -$0.37 Earnings Per Share Expected for Everspin Technologies Inc (MRAM) This Quarter (americanbankingnews.com)
Shares of Everspin Technologies (NASDAQ:MRAM) traded up $1.81 during trading hours on Friday, reaching $10.02. The company’s stock had a trading volume of 998,200 shares, compared to its average volume of 254,150. The stock has a market capitalization of $104.81, a PE ratio of -5.51 and a beta of 1.10. Everspin Technologies has a 1-year low of $6.69 and a 1-year high of $25.39. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.74.
Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Monday, November 13th. The business services provider reported ($0.43) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.02. The business had revenue of $8.30 million during the quarter, compared to analysts’ expectations of $9.90 million. Everspin Technologies had a negative return on equity of 108.26% and a negative net margin of 66.90%. The business’s revenue was up 31.7% compared to the same quarter last year. sell-side analysts predict that Everspin Technologies will post -1.72 EPS for the current fiscal year.
Several research firms recently weighed in on MRAM. Stifel Nicolaus restated a “buy” rating and set a $18.00 price target on shares of Everspin Technologies in a research report on Thursday, October 12th. Zacks Investment Research upgraded Everspin Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Needham & Company LLC lowered their price objective on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 14th. lowered their price objective on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 15th. Finally, Canaccord Genuity lowered their price objective on Everspin Technologies from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Everspin Technologies presently has a consensus rating of “Buy” and a consensus price target of $16.75.
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About Everspin Technologies
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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