Everspin Technologies (MRAM) Earns Daily Media Impact Rating of 0.12

Media coverage about Everspin Technologies (NASDAQ:MRAM) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Everspin Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.6676818031439 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

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MRAM has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price on shares of Everspin Technologies in a research note on Thursday, January 18th. Zacks Investment Research downgraded shares of Everspin Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus cut their target price on shares of Everspin Technologies from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, March 16th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.75.

Shares of Everspin Technologies stock opened at $7.56 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $125.77, a PE ratio of -4.47 and a beta of 3.61. Everspin Technologies has a fifty-two week low of $6.40 and a fifty-two week high of $25.39.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings results on Thursday, March 15th. The business services provider reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.01. The company had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $10.10 million. Everspin Technologies had a negative return on equity of 129.52% and a negative net margin of 58.81%. The business’s revenue for the quarter was up 42.3% compared to the same quarter last year. equities research analysts forecast that Everspin Technologies will post -0.93 earnings per share for the current fiscal year.

In other Everspin Technologies news, insider Kevin Conley purchased 14,285 shares of the stock in a transaction on Monday, February 12th. The stock was bought at an average price of $7.00 per share, for a total transaction of $99,995.00. Following the acquisition, the insider now directly owns 24,285 shares of the company’s stock, valued at $169,995. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael B. Gustafson purchased 14,286 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $7.00 per share, with a total value of $100,002.00. Following the acquisition, the director now directly owns 14,286 shares in the company, valued at $100,002. The disclosure for this purchase can be found here. 32.80% of the stock is owned by insiders.

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Everspin Technologies Company Profile

Everspin Technologies, Inc is a United States-based provider of magnetoresistive random-access memory (MRAM) solutions. The Company is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. 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.

Insider Buying and Selling by Quarter for Everspin Technologies (NASDAQ:MRAM)

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