Everspin Technologies (MRAM) Scheduled to Post Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 30th. Everspin Technologies has set its Q3 2024 guidance at -0.100–0.050 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Everspin Technologies (NASDAQ:MRAM) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). Everspin Technologies had a net margin of 2.92% and a return on equity of 3.16%. The business had revenue of $10.64 million for the quarter.

Everspin Technologies Trading Down 0.3 %

NASDAQ:MRAM opened at $6.03 on Wednesday. Everspin Technologies has a twelve month low of $4.89 and a twelve month high of $10.31. The company has a market capitalization of $129.77 million, a P/E ratio of 16.30 and a beta of 0.91. The firm has a 50-day moving average price of $5.74 and a two-hundred day moving average price of $6.14.

Insider Activity at Everspin Technologies

In other Everspin Technologies news, CEO Sanjeev Aggarwal sold 17,523 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $5.54, for a total value of $97,077.42. Following the completion of the transaction, the chief executive officer now directly owns 440,215 shares in the company, valued at approximately $2,438,791.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 25,347 shares of company stock valued at $139,635. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com downgraded Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price target on shares of Everspin Technologies in a report on Thursday, August 1st.

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.