Everspin Tech (NASDAQ: MRAM) has recently received a number of price target changes and ratings updates:

  • 11/17/2017 – Everspin Tech had its price target lowered by analysts at Canaccord Genuity from $18.00 to $15.00. They now have a “buy” rating on the stock.
  • 11/17/2017 – Everspin Tech was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. “
  • 11/15/2017 – Everspin Tech had its price target lowered by analysts at from $24.00 to $17.00. They now have a “strong-buy” rating on the stock.
  • 11/14/2017 – Everspin Tech had its price target lowered by analysts at Needham & Company LLC from $24.00 to $17.00. They now have a “strong-buy” rating on the stock.
  • 11/11/2017 – Everspin Tech was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. “
  • 10/12/2017 – Everspin Tech had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $18.00 price target on the stock.
  • 10/11/2017 – Everspin Tech was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Everspin Technologies, Inc. is involved in designing, manufacturing and commercially shipping discrete and embedded Magnetoresistive RAM and Spin-Torque MRAM. It serves data center, cloud storage, energy, industrial, automotive and transportation markets. Everspin Technologies, Inc. is headquartered in Chandler, Arizona. “

Everspin Tech (MRAM) traded down $0.14 during trading on Tuesday, hitting $7.60. 197,500 shares of the stock traded hands, compared to its average volume of 162,664. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.04 and a quick ratio of 2.27. Everspin Tech has a 12-month low of $6.63 and a 12-month high of $25.39.

Everspin Tech (NASDAQ:MRAM) last released its earnings results on Monday, November 13th. The business services provider reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.02. The firm had revenue of $8.30 million during the quarter, compared to analyst estimates of $9.90 million. Everspin Tech had a negative net margin of 66.90% and a negative return on equity of 108.26%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. research analysts forecast that Everspin Tech will post -1.75 EPS for the current year.

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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