News coverage about Everspin Technologies (NASDAQ:MRAM) has trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everspin Technologies earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.7650210284415 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several brokerages recently issued reports on MRAM. Canaccord Genuity reduced their price target on shares of Everspin Technologies from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Zacks Investment Research raised shares of Everspin Technologies from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price objective on shares of Everspin Technologies in a research note on Thursday, October 12th. Needham & Company LLC dropped their price objective on shares of Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 14th. Finally, dropped their price objective on shares of Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $16.75.
Shares of Everspin Technologies (NASDAQ:MRAM) opened at $8.35 on Friday. Everspin Technologies has a 52 week low of $6.69 and a 52 week high of $25.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.27 and a current ratio of 3.04. The company has a market cap of $106.60, a PE ratio of -4.59 and a beta of 1.10.
Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings data on Monday, November 13th. The business services provider reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.02. Everspin Technologies had a negative net margin of 66.90% and a negative return on equity of 108.26%. The business had revenue of $8.30 million for the quarter, compared to analyst estimates of $9.90 million. The company’s revenue was up 31.7% compared to the same quarter last year. analysts expect that Everspin Technologies will post -1.72 EPS for the current fiscal year.
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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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