Everspin Tech (NASDAQ:MRAM) Shares Gap Down – Time to Sell?

Shares of Everspin Tech (NASDAQ:MRAM) gapped down before the market opened on Tuesday . The stock had previously closed at $39.86, but opened at $36.47. Everspin Tech shares last traded at $39.0280, with a volume of 2,114,336 shares changing hands.

Wall Street Analysts Forecast Growth

MRAM has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Needham & Company LLC raised their price objective on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.50.

Everspin Tech Price Performance

The firm has a fifty day simple moving average of $13.33 and a 200 day simple moving average of $11.41. The company has a market capitalization of $952.77 million, a price-to-earnings ratio of 4,067.07 and a beta of 1.75.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The company had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Transactions at Everspin Tech

In other news, CEO Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $19.58, for a total value of $557,227.22. Following the sale, the chief executive officer directly owned 819,422 shares of the company’s stock, valued at $16,044,282.76. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William Earl Cooper sold 11,000 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total value of $239,250.00. Following the completion of the sale, the chief financial officer directly owned 161,030 shares in the company, valued at $3,502,402.50. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,448 shares of company stock valued at $2,104,376 over the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Everspin Tech

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Everspin Tech in the second quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Everspin Tech in the fourth quarter worth approximately $41,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Everspin Tech in the second quarter worth approximately $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Everspin Tech in the third quarter worth approximately $82,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in shares of Everspin Tech in the first quarter worth approximately $99,000. 44.68% of the stock is owned by institutional investors and hedge funds.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.