News articles about EVERSPIN TECH (NASDAQ:MRAM) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EVERSPIN TECH earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.8281922244472 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
EVERSPIN TECH (NASDAQ MRAM) opened at 21.91 on Thursday. The firm has a 50-day moving average price of $20.50 and a 200 day moving average price of $11.89. EVERSPIN TECH has a 12 month low of $6.15 and a 12 month high of $25.39. The company’s market capitalization is $274.07 million.
EVERSPIN TECH (NASDAQ:MRAM) last released its quarterly earnings data on Friday, May 12th. The business services provider reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.02. The business had revenue of $7.88 million during the quarter, compared to the consensus estimate of $7.40 million. Analysts expect that EVERSPIN TECH will post ($1.35) EPS for the current year.
A number of brokerages recently weighed in on MRAM. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of EVERSPIN TECH in a research note on Monday, June 12th. Stifel Nicolaus raised their price objective on EVERSPIN TECH from $11.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Finally, Zacks Investment Research raised EVERSPIN TECH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $13.20.
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About EVERSPIN TECH
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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