Does Everspin Technologies Inc (MRAM) Have Any Gas After Today’s Big Increase?

September 17, 2017 - By Kurt Siggers

The stock of Everspin Technologies Inc (NASDAQ:MRAM) is a huge mover today! The stock increased 5.94% or $0.95 on September 15, reaching $16.95. About 189,965 shares traded. Everspin Technologies Inc (NASDAQ:MRAM) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $214.83M company. It was reported on Sep, 17 by Barchart.com. We have $17.63 PT which if reached, will make NASDAQ:MRAM worth $8.59 million more.

Analysts expect Everspin Technologies Inc (NASDAQ:MRAM) to report $-0.39 EPS on November, 13.They anticipate $0.15 EPS change or 27.78 % from last quarter’s $-0.54 EPS. After having $-0.40 EPS previously, Everspin Technologies Inc’s analysts see -2.50 % EPS growth.

Everspin Technologies Inc (NASDAQ:MRAM) Ratings Coverage

Among 3 analysts covering Everspin Technologies Inc (NASDAQ:MRAM), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everspin Technologies Inc had 7 analyst reports since June 5, 2017 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $18.0 target in Thursday, August 24 report. The firm earned “Buy” rating on Monday, June 12 by Needham. The rating was maintained by Stifel Nicolaus on Thursday, August 10 with “Buy”. Canaccord Genuity maintained Everspin Technologies Inc (NASDAQ:MRAM) rating on Monday, August 14. Canaccord Genuity has “Buy” rating and $1800 target. The stock of Everspin Technologies Inc (NASDAQ:MRAM) earned “Buy” rating by Needham on Friday, August 11. As per Monday, August 28, the company rating was maintained by Needham. Stifel Nicolaus maintained the shares of MRAM in report on Monday, June 5 with “Buy” rating.

More notable recent Everspin Technologies Inc (NASDAQ:MRAM) news were published by: Quotes.Wsj.com which released: “Everspin Technologies Inc.” on September 29, 2016, also Seekingalpha.com with their article: “Everspin Technologies Could Fall On IPO Lockup Expiration” published on March 22, 2017, Seekingalpha.com published: “IPO Preview: Everspin Technologies Is A No Go” on October 07, 2016. More interesting news about Everspin Technologies Inc (NASDAQ:MRAM) were released by: Bizjournals.com and their article: “Everspin Technologies reports lower loss but higher revenue in first earnings …” published on November 14, 2016 as well as Fool.com‘s news article titled: “Why Everspin Technologies, Inc. Stock Has Soared 150% Since May 20” with publication date: July 19, 2017.

Everspin Technologies, Inc. is a United States well-known provider of magnetoresistive random-access memory solutions. The company has market cap of $214.83 million. The Firm is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. It currently has negative earnings. 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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