Everspin Technologies (NASDAQ:MRAM) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of (-0.28)-(-0.24) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.28). The company issued revenue guidance of $9.5-9.9 million, compared to the consensus revenue estimate of $12.43 million.Everspin Technologies also updated its Q1 2019 guidance to $-0.28–0.24 EPS.
Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Everspin Technologies from a buy rating to a hold rating in a research note on Wednesday, January 9th. Needham & Company LLC reissued a buy rating and set a $14.00 price objective on shares of Everspin Technologies in a research note on Wednesday, February 20th. Finally, ValuEngine raised shares of Everspin Technologies from a hold rating to a buy rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $11.83.
Everspin Technologies stock opened at $8.39 on Friday. Everspin Technologies has a fifty-two week low of $5.30 and a fifty-two week high of $11.20. The company has a market cap of $143.08 million, a P/E ratio of -4.96 and a beta of 2.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.36 and a current ratio of 2.95.
WARNING: This article was published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/4223494/everspin-technologies-mram-updates-q1-earnings-guidance.html.
About Everspin Technologies
Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, embedded MRAM, magnetic sensor, and aerospace and satellite electronic systems. The company provides its products for applications, including industrial, automotive, transportation, and enterprise storage markets.
See Also: How to trade on quiet period expirations
Receive News & Ratings for Everspin Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everspin Technologies and related companies with MarketBeat.com's FREE daily email newsletter.