Everspin Technologies (NASDAQ:MRAM) Releases Q1 2025 Earnings Guidance

Posted by Linda Flegge on Feb 28th, 2025

Everspin Technologies (NASDAQ:MRAM – Get Free Report) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.050-0.000 for the period, compared to the consensus earnings per share estimate of 0.060. The company issued revenue guidance of $12.0 million-$13.0 million, compared to the consensus revenue estimate of $12.3 million.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MRAM. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of Everspin Technologies in a research report on Thursday, October 31st. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Read Our Latest Research Report on Everspin Technologies

Everspin Technologies Stock Up 0.5 %

NASDAQ MRAM traded up $0.03 during midday trading on Friday, hitting $5.64. The company had a trading volume of 65,993 shares, compared to its average volume of 95,551. The firm has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $6.00. Everspin Technologies has a fifty-two week low of $4.89 and a fifty-two week high of $9.00. The stock has a market cap of $123.92 million, a price-to-earnings ratio of 94.17 and a beta of 0.88.

Everspin Technologies (NASDAQ:MRAM – Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%. The company had revenue of $13.20 million during the quarter, compared to the consensus estimate of $12.50 million.

Everspin Technologies Company Profile

(Get Free Report)

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.