Everspin Technologies (NASDAQ:MRAM) Releases Earnings Results, Misses Expectations By $0.01 EPS

Everspin Technologies (NASDAQ:MRAM) released its quarterly earnings data on Wednesday. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%. The firm had revenue of $13.20 million for the quarter, compared to the consensus estimate of $12.50 million. Everspin Technologies updated its Q1 2025 guidance to -0.050-0.000 EPS.

Everspin Technologies Stock Down 0.7 %

NASDAQ:MRAM opened at $5.65 on Thursday. The firm has a market capitalization of $124.14 million, a price-to-earnings ratio of 94.17 and a beta of 0.88. The stock’s 50 day moving average price is $6.18 and its two-hundred day moving average price is $6.01. Everspin Technologies has a twelve month low of $4.89 and a twelve month high of $9.39.

Analysts Set New Price Targets

MRAM has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a research report on Thursday, October 31st. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th.

About Everspin Technologies

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.