Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Everspin Tech (MRAM) Share Price
Media headlines about Everspin Tech (NASDAQ:MRAM) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everspin Tech earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.6422688484215 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Retail Shareholders Should Not Ignore Historical Volatility: Everspin Technologies, Inc., (NASDAQ:MRAM) – Stock Watch (stocksnewstimes.com)
- Yesterday’s Hot Mover: Everspin Technologies, Inc. (NASDAQ:MRAM) – The Investor Guide (wallstreetnews24.com)
- Everspin Technologies, Inc. (MRAM)- Stocks Taking Toll on Performance Valuation – NASDAQ Times (nasdaqtimes.com)
- Everspin Tech (MRAM) Expected to Post Quarterly Sales of $9.85 Million (americanbankingnews.com)
Everspin Tech (NASDAQ:MRAM) opened at 17.09 on Friday. Everspin Tech has a 1-year low of $6.15 and a 1-year high of $17.74. The stock’s 50 day moving average is $16.60 and its 200-day moving average is $16.60. The company’s market capitalization is $216.60 million.
Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). The company had revenue of $8.93 million for the quarter, compared to analysts’ expectations of $8.75 million. On average, analysts expect that Everspin Tech will post ($1.73) earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective on shares of Everspin Tech in a research note on Monday, June 12th. Stifel Nicolaus increased their price objective on shares of Everspin Tech from $11.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Zacks Investment Research downgraded shares of Everspin Tech from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $18.00 price objective (up from $12.00) on shares of Everspin Tech in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.60.
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About Everspin Tech
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.
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