Everspin Tech (NASDAQ:MRAM) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Everspin Tech (NASDAQ:MRAM)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.78 and traded as low as $8.35. Everspin Tech shares last traded at $8.79, with a volume of 233,684 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on MRAM. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday. Finally, Needham & Company LLC decreased their target price on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. 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.com, the stock has a consensus rating of “Hold” and an average price target of $14.00.

Everspin Tech Trading Up 7.7%

The company has a 50-day moving average of $10.78 and a 200-day moving average of $10.07. The company has a market capitalization of $203.22 million, a price-to-earnings ratio of -293.00 and a beta of 0.86.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Everspin Tech had a negative return on equity of 0.90% and a negative net margin of 1.06%.The business had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Insiders Place Their Bets

In other Everspin Tech news, CFO William Earl Cooper sold 6,807 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $12.06, for a total transaction of $82,092.42. Following the transaction, the chief financial officer owned 93,193 shares in the company, valued at approximately $1,123,907.58. This represents a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Several institutional investors and hedge funds have recently made changes to their positions in MRAM. Rhumbline Advisers grew its holdings in shares of Everspin Tech by 55.1% during the first quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock valued at $188,000 after buying an additional 13,086 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Everspin Tech in the 2nd quarter valued at $164,000. Marshall Wace LLP purchased a new position in Everspin Tech in the 2nd quarter worth $716,000. Jump Financial LLC purchased a new position in Everspin Tech in the 2nd quarter worth $159,000. Finally, Qube Research & Technologies Ltd lifted its position in Everspin Tech by 41.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock worth $650,000 after acquiring an additional 30,244 shares during the period. 44.68% of the stock is currently owned by institutional investors and hedge funds.

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.