Everspin Technologies (MRAM) Projected to Post Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Everspin Technologies to post earnings of $0.06 per share and revenue of $12.50 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Everspin Technologies Price Performance

Shares of Everspin Technologies stock opened at $5.81 on Wednesday. The business’s 50 day simple moving average is $6.25 and its two-hundred day simple moving average is $5.99. The stock has a market capitalization of $127.65 million, a P/E ratio of 96.83 and a beta of 0.88. Everspin Technologies has a one year low of $4.89 and a one year high of $9.39.

Analysts Set New Price Targets

MRAM has been the subject of several recent analyst reports. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Everspin Technologies in a research note on Thursday, October 31st.

Everspin Technologies Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.