Headlines about Everspin Tech (NASDAQ:MRAM) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Everspin Tech earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.9997862163682 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s rankings:

Everspin Tech (NASDAQ:MRAM) opened at $7.52 on Wednesday. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.74. Everspin Tech has a 52 week low of $6.69 and a 52 week high of $25.39.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings results on Monday, November 13th. The business services provider reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.02. The firm had revenue of $8.30 million for the quarter, compared to analyst estimates of $9.90 million. Everspin Tech had a negative return on equity of 108.26% and a negative net margin of 66.90%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. equities analysts predict that Everspin Tech will post -1.72 earnings per share for the current year.

MRAM has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Everspin Tech in a research note on Monday, August 28th. Zacks Investment Research upgraded Everspin Tech from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 target price on shares of Everspin Tech in a research note on Thursday, October 12th. reduced their target price on Everspin Tech from $24.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, November 15th. Finally, Canaccord Genuity reduced their target price on Everspin Tech from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Everspin Tech presently has an average rating of “Buy” and an average price target of $16.75.

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Everspin Tech 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 Tech (NASDAQ:MRAM)

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