Everspin Tech (NASDAQ:MRAM – Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Friday morning. The company provided EPS guidance of 0.130-0.180 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $21.5 million-$22.5 million, compared to the consensus revenue estimate of $20.9 million.
Everspin Tech Trading Down 5.7%
Shares of Everspin Tech stock opened at $13.61 on Friday. The stock has a market capitalization of $331.40 million, a price-to-earnings ratio of 53.44 and a beta of 1.88. The firm’s 50-day moving average price is $15.90 and its two-hundred day moving average price is $16.68. Everspin Tech has a 1-year low of $7.35 and a 1-year high of $51.50.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MRAM. Needham & Company LLC raised their price target on Everspin Tech from $18.50 to $19.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings lowered Everspin Tech from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 25th. Finally, Maxim Group began coverage on Everspin Tech in a research note on Monday, October 12th. They issued a “buy” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.00.
View Our Latest Research Report on Everspin Tech
Insider Activity
In other news, CEO Sanjeev Aggarwal sold 19,572 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $19.08, for a total transaction of $373,433.76. Following the transaction, the chief executive officer directly owned 813,627 shares of the company’s stock, valued at approximately $15,524,003.16. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William Cooper sold 3,115 shares of Everspin Tech stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $19.08, for a total transaction of $59,434.20. Following the completion of the sale, the chief financial officer owned 154,626 shares of the company’s stock, valued at approximately $2,950,264.08. The trade was a 1.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,378 shares of company stock valued at $579,612. 6.30% of the stock is owned by insiders.
About Everspin Tech
Everspin Technologies, Inc develops and supplies magnetic random-access memory (MRAM) products. Its nonvolatile memory solutions retain data when power is removed and are designed for applications that require fast performance, high endurance and reliable data retention.
The company offers MRAM products based on toggle and spin-transfer torque (STT) technologies, including parallel and serial-interface memory devices, as well as higher-density solutions for embedded and storage applications.
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