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

Everspin Technologies (NASDAQ:MRAM) announced its earnings results on Wednesday. The business services provider reported $0.05 EPS 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 business 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 Price Performance

Shares of NASDAQ MRAM opened at $5.65 on Thursday. The company’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $6.01. Everspin Technologies has a fifty-two week low of $4.89 and a fifty-two week high of $9.39. The firm has a market capitalization of $124.14 million, a P/E ratio of 94.17 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Everspin Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Needham & Company LLC restated a “buy” rating and set a $8.00 target price on shares of Everspin Technologies in a research report on Thursday, October 31st.

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.