Everspin Technologies Inc (NASDAQ:MRAM) insider Kevin Conley purchased 14,285 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $7.00 per share, for a total transaction of $99,995.00. Following the acquisition, the insider now owns 24,285 shares of the company’s stock, valued at $169,995. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Everspin Technologies Inc (NASDAQ:MRAM) traded down $0.08 on Tuesday, reaching $7.24. The company’s stock had a trading volume of 139,009 shares, compared to its average volume of 293,252. Everspin Technologies Inc has a 12 month low of $6.40 and a 12 month high of $25.39. The stock has a market cap of $92.43 and a price-to-earnings ratio of -3.98. 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 Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Monday, November 13th. The business services provider reported ($0.43) earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $8.30 million for the quarter, compared to analyst estimates of $9.90 million. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. equities analysts predict that Everspin Technologies Inc will post -1.72 EPS for the current fiscal year.
MRAM has been the topic of a number of research reports. Zacks Investment Research raised Everspin Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. lowered their price target on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Wednesday, November 15th. Needham & Company LLC lowered their price target on Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 14th. Finally, Canaccord Genuity lowered their price target on Everspin Technologies from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.75.
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Everspin Technologies Company Profile
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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