News headlines about Everspin Tech (NASDAQ:MRAM) have been trending positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everspin Tech earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.4414437507859 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Everspin Tech from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price (down from $19.00) on shares of Everspin Tech in a research note on Friday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 target price on shares of Everspin Tech in a research note on Monday, August 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 target price (up from $12.00) on shares of Everspin Tech in a research note on Monday, August 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.50.
Shares of Everspin Tech (NASDAQ MRAM) traded down 0.58% during midday trading on Tuesday, reaching $10.29. 104,039 shares of the company were exchanged. Everspin Tech has a 12-month low of $6.40 and a 12-month high of $25.39. The stock’s market capitalization is $130.42 million. The company has a 50 day moving average price of $14.13 and a 200-day moving average price of $14.13.
Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings results on Thursday, August 10th. The business services provider reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.02). The business had revenue of $8.93 million during the quarter, compared to analyst estimates of $8.75 million. On average, analysts forecast that Everspin Tech will post ($1.73) earnings per share for the current fiscal year.
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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.
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