Somewhat Positive News Coverage Somewhat Unlikely to Impact EVERSPIN TECH (NASDAQ:MRAM) Share Price

Media stories about EVERSPIN TECH (NASDAQ:MRAM) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to 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 headlines 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 stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

• Retail, Tech, Bio Stocks Retreat on NASDAQ Today – HIBB, MRAM, TTPH, HAS, SND, ASNA, PRSS, CLSD, PMTS, MIND (fxpips.com)
• Everspin to Announce Second Quarter 2017 Financial Results and Participate in the 37th Annual Canaccord Genuity Growth Conference on August 10, 2017 (finance.yahoo.com)
• Financial Analysis: Adesto Technologies Corporation (IOTS) vs. Everspin Tech (MRAM) (americanbankingnews.com)
• Head to Head Analysis: Everspin Tech (MRAM) and Smart Global Holdings (SGH) (americanbankingnews.com)
• Analysts Expect Everspin Tech (NASDAQ:MRAM) to Announce ($0.38) Earnings Per Share (americanbankingnews.com)

EVERSPIN TECH (MRAM) traded up 7.42% on Friday, hitting $21.28. 258,257 shares of the stock traded hands. EVERSPIN TECH has a 12-month low of $6.15 and a 12-month high of $25.39. The firm’s 50-day moving average price is $21.14 and its 200-day moving average price is $12.45. The stock’s market cap is $266.19 million.

EVERSPIN TECH (NASDAQ:MRAM) last announced its quarterly earnings results on Friday, May 12th. The business services provider reported ($0.49) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.02. The company had revenue of $7.88 million during the quarter, compared to analyst estimates of $7.40 million. On average, equities research analysts anticipate that EVERSPIN TECH will post ($1.35) EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of EVERSPIN TECH in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of EVERSPIN TECH from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Stifel Nicolaus raised their price objective on shares of EVERSPIN TECH from $11.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, June 5th. 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 currently has a consensus rating of “Buy” and an average target price of $13.20.

ILLEGAL ACTIVITY NOTICE: This piece was reported by [[site]] and is the sole property of of [[site]]. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at [[permalink]].

EVERSPIN TECH 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.