Everspin Technologies Inc (NASDAQ:MRAM) Director Michael B. Gustafson purchased 14,286 shares of Everspin Technologies stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $7.00 per share, with a total value of $100,002.00. Following the completion of the transaction, the director now owns 14,286 shares in the company, valued at approximately $100,002. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Everspin Technologies Inc (NASDAQ MRAM) traded down $0.08 during mid-day trading on Tuesday, hitting $7.24. 139,009 shares of the stock were exchanged, compared to its average volume of 293,252. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.27 and a current ratio of 3.04. Everspin Technologies Inc has a 52 week low of $6.40 and a 52 week high of $25.39. The firm has a market cap of $92.43 and a P/E ratio of -3.98.
Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings data 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. Everspin Technologies had a negative return on equity of 108.26% and a negative net margin of 66.90%. The firm had revenue of $8.30 million during the quarter, compared to the consensus estimate of $9.90 million. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. equities research analysts expect that Everspin Technologies Inc will post -1.72 earnings per share for the current year.
A number of equities research analysts have recently issued reports on MRAM shares. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target on shares of Everspin Technologies in a research report on Thursday, January 18th. Zacks Investment Research downgraded shares of Everspin Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. reduced their price target on shares of Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating for the company in a research report on Wednesday, November 15th. Finally, Canaccord Genuity reduced their price target on shares of Everspin Technologies from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 17th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Everspin Technologies has a consensus rating of “Buy” and a consensus price target of $16.75.
About Everspin Technologies
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.
Receive News & Ratings for Everspin Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everspin Technologies and related companies with MarketBeat.com's FREE daily email newsletter.