Everspin Tech (NASDAQ:MRAM) Trading Down 7.6% – What’s Next?

Everspin Tech (NASDAQ:MRAM)’s share price traded down 7.6% on Monday . The company traded as low as $25.01 and last traded at $25.0580. Approximately 1,321,526 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 2,107,662 shares. The stock had previously closed at $27.11.

Wall Street Analysts Forecast Growth

Several research firms have commented on MRAM. Needham & Company LLC upped their price target on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Everspin Tech has an average rating of “Hold” and an average target price of $18.50.

Everspin Tech Price Performance

The business’s 50-day moving average price is $24.61 and its two-hundred day moving average price is $15.46. The company has a market capitalization of $521.53 million, a P/E ratio of 2,204.00 and a beta of 1.87.

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

Insider Activity at Everspin Tech

In related news, Director Darin G. Billerbeck sold 30,000 shares of Everspin Tech stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the completion of the sale, the director directly owned 124,073 shares of the company’s stock, valued at approximately $4,610,552.68. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Glen Hawk sold 48,563 shares of Everspin Tech stock in a transaction on Friday, May 15th. The stock was sold at an average price of $37.95, for a total value of $1,842,965.85. Following the sale, the director directly owned 39,551 shares of the company’s stock, valued at $1,500,960.45. This represents a 55.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 176,499 shares of company stock valued at $5,032,220 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MRAM. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC bought a new position in Everspin Tech during the 4th quarter worth $41,000. Occudo Quantitative Strategies LP acquired a new position in Everspin Tech in the 2nd quarter valued at $70,000. Gordian Capital Singapore Pte Ltd acquired a new position in Everspin Tech in the 3rd quarter valued at $82,000. Finally, Fortitude Advisory Group L.L.C. bought a new stake in shares of Everspin Tech during the 1st quarter valued at $99,000. 44.68% of the stock is owned by institutional investors.

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.