Everspin Technologies (NASDAQ:MRAM) Getting Somewhat Favorable Press Coverage, Report Shows

News articles about Everspin Technologies (NASDAQ:MRAM) have trended somewhat positive on Thursday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Everspin Technologies earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.9997862163682 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

MRAM has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Everspin Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. reduced their price objective on shares of Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 15th. Needham & Company LLC reduced their price objective on shares of Everspin Technologies from $24.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price objective on shares of Everspin Technologies in a research note on Thursday, October 12th. Finally, Canaccord Genuity reduced their price objective on shares of Everspin Technologies from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $16.75.

Everspin Technologies (NASDAQ MRAM) traded down $0.01 on Thursday, hitting $8.39. 104,603 shares of the stock were exchanged, compared to its average volume of 172,350. The stock has a market cap of $107.11 and a price-to-earnings ratio of -4.61. 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 has a 12-month low of $6.69 and a 12-month high of $25.39.

Everspin Technologies (NASDAQ:MRAM) last released its quarterly earnings results on Monday, November 13th. The business services provider reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.02. Everspin Technologies had a negative net margin of 66.90% and a negative return on equity of 108.26%. The firm had revenue of $8.30 million during the quarter, compared to analyst estimates of $9.90 million. Everspin Technologies’s revenue for the quarter was up 31.7% compared to the same quarter last year. research analysts forecast that Everspin Technologies will post -1.72 earnings per share for the current year.

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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.

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