What’s Ahead for Everspin Technologies Inc (MRAM) After Today’s Big Increase?

September 17, 2017 - By Ellis Scott

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.

Wall Street await Everspin Technologies Inc (NASDAQ:MRAM) to release earnings on November, 13. Analysts forecast earnings per share of $-0.39, up exactly $0.15 or 27.78 % from 2014’s $-0.54 EPS. After posting $-0.40 EPS for the previous quarter, Everspin Technologies Inc’s analysts now forecast -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. The company was maintained on Thursday, August 10 by Stifel Nicolaus. Canaccord Genuity maintained Everspin Technologies Inc (NASDAQ:MRAM) rating on Monday, August 14. Canaccord Genuity has “Buy” rating and $1800 target. The firm has “Buy” rating by Stifel Nicolaus given on Monday, June 5. Canaccord Genuity maintained Everspin Technologies Inc (NASDAQ:MRAM) on Thursday, August 24 with “Buy” rating. The rating was maintained by Needham with “Buy” on Monday, August 28. As per Monday, June 12, the company rating was maintained by Needham. The company was maintained on Friday, August 11 by Needham.

More notable recent Everspin Technologies Inc (NASDAQ:MRAM) news were published by: Fool.com which released: “Why Everspin Technologies, Inc. Stock Has Soared 150% Since May 20” on July 19, 2017, also Marketwatch.com with their article: “16.95” published on September 13, 2016, 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 Quotes.Wsj.com‘s news article titled: “Everspin Technologies Inc.” with publication date: September 29, 2016.

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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