Everspin Technologies (NASDAQ:MRAM) Updates Q1 2025 Earnings Guidance

Everspin Technologies (NASDAQ:MRAMGet Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of -0.050-0.000 for the period, compared to the consensus EPS estimate of 0.060. The company issued revenue guidance of $12.0 million-$13.0 million, compared to the consensus revenue estimate of $12.3 million.

Everspin Technologies Trading Up 1.1 %

Shares of NASDAQ MRAM traded up $0.06 on Thursday, reaching $5.75. 51,353 shares of the company traded hands, compared to its average volume of 93,051. The stock has a market capitalization of $126.34 million, a PE ratio of 95.83 and a beta of 0.88. Everspin Technologies has a fifty-two week low of $4.89 and a fifty-two week high of $9.39. The company has a 50 day moving average of $6.18 and a 200 day moving average of $6.01.

Everspin Technologies (NASDAQ:MRAMGet Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $13.20 million for the quarter, compared to analyst estimates of $12.50 million. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

Analyst Ratings Changes

MRAM has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a research report on Thursday, October 31st. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th.

Check Out Our Latest Research Report on MRAM

Everspin Technologies Company Profile

(Get Free Report)

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.

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