Everspin Tech (NASDAQ:MRAM – Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.130-0.180 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $21.5 million-$22.5 million, compared to the consensus revenue estimate of $20.9 million.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Maxim Group began coverage on Everspin Tech in a report on Monday, October 12th. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC increased their target price on Everspin Tech from $18.50 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Everspin Tech from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.00.
Check Out Our Latest Stock Analysis on Everspin Tech
Everspin Tech Price Performance
Shares of MRAM stock opened at $13.61 on Friday. The company has a market capitalization of $331.40 million, a P/E ratio of -34.02 and a beta of 1.88. Everspin Tech has a one year low of $7.35 and a one year high of $51.50. The company’s 50-day simple moving average is $15.90 and its two-hundred day simple moving average is $16.68.
Insider Activity
In other news, CFO William Cooper sold 3,115 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $19.08, for a total transaction of $59,434.20. Following the completion of the sale, the chief financial officer owned 154,626 shares of the company’s stock, valued at $2,950,264.08. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sean Michael Dougherty sold 7,691 shares of Everspin Tech stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $19.08, for a total transaction of $146,744.28. Following the sale, the vice president owned 100,028 shares of the company’s stock, valued at approximately $1,908,534.24. This represents a 7.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,378 shares of company stock worth $579,612 over the last three months. 6.30% of the stock is currently owned by corporate insiders.
Everspin Tech Company Profile
Everspin Technologies, Inc develops and supplies magnetic random-access memory (MRAM) products. Its nonvolatile memory solutions retain data when power is removed and are designed for applications that require fast performance, high endurance and reliable data retention.
The company offers MRAM products based on toggle and spin-transfer torque (STT) technologies, including parallel and serial-interface memory devices, as well as higher-density solutions for embedded and storage applications.
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