Everspin Tech (NASDAQ:MRAM) Trading Down 7.6% – What’s Next?

Shares of Everspin Tech (NASDAQ:MRAM) dropped 7.6% during trading on Monday . The stock traded as low as $25.01 and last traded at $25.0580. 1,321,526 shares traded hands during trading, a decline of 37% from the average daily volume of 2,107,662 shares. The stock had previously closed at $27.11.

Analyst Upgrades and Downgrades

MRAM has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Needham & Company LLC increased their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Everspin Tech currently has an average rating of “Hold” and an average target price of $18.50.

Everspin Tech Stock Performance

The company has a market cap of $602.73 million, a PE ratio of 2,571.77 and a beta of 1.87. The company has a fifty day moving average of $24.05 and a two-hundred day moving average of $15.24.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The company had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Activity

In other Everspin Tech news, Director Geoffrey G. Ribar sold 27,488 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $28.87, for a total value of $793,578.56. Following the completion of the sale, the director owned 94,063 shares of the company’s stock, valued at $2,715,598.81. This trade represents a 22.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glen Hawk sold 48,563 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $37.95, for a total transaction of $1,842,965.85. Following the completion of the sale, the director directly owned 39,551 shares of the company’s stock, valued at approximately $1,500,960.45. The trade was a 55.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 176,499 shares of company stock worth $5,032,220 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech during the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new position in Everspin Tech in the 4th quarter valued at $41,000. Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech in the second quarter worth $70,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Everspin Tech in the third quarter worth $82,000. Finally, Fortitude Advisory Group L.L.C. bought a new stake in shares of Everspin Tech during the first quarter worth $99,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.