Everspin Technologies (MRAM) Set to Announce Quarterly Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Everspin Technologies has set its Q1 2024 guidance at 0.000-0.050 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Everspin Technologies (NASDAQ:MRAM) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $16.71 million for the quarter. Everspin Technologies had a return on equity of 18.96% and a net margin of 14.20%.

Everspin Technologies Price Performance

NASDAQ MRAM opened at $7.37 on Wednesday. The stock has a market capitalization of $156.47 million, a price-to-earnings ratio of 17.55 and a beta of 0.99. Everspin Technologies has a one year low of $6.20 and a one year high of $10.50. The business’s fifty day moving average is $8.12 and its 200-day moving average is $8.71.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of Everspin Technologies in a research note on Thursday, February 29th.

Insider Activity at Everspin Technologies

In related news, VP David Schrenk sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $8.03, for a total value of $40,150.00. Following the sale, the vice president now directly owns 115,767 shares in the company, valued at approximately $929,609.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Everspin Technologies news, CFO Anuj Aggarwal sold 12,852 shares of Everspin Technologies stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $7.84, for a total transaction of $100,759.68. Following the completion of the transaction, the chief financial officer now owns 289,924 shares of the company’s stock, valued at approximately $2,273,004.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Schrenk sold 5,000 shares of Everspin Technologies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $8.03, for a total value of $40,150.00. Following the transaction, the vice president now directly owns 115,767 shares of the company’s stock, valued at approximately $929,609.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,968 shares of company stock worth $590,033. Company insiders own 6.10% of the company’s stock.

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.