What Next for Everspin Technologies Inc (MRAM) Stock After Today’s Big Increase?

September 17, 2017 - By Winifred Garcia

The stock of Everspin Technologies Inc (NASDAQ:MRAM) is a huge mover today! The stock increased 5.94% or $0.95 on September 15, reaching $16.95. About 189,965 shares traded. Everspin Technologies Inc (NASDAQ:MRAM) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 5 months positive chart setup for the $214.83M company. It was reported on Sep, 17 by Barchart.com. We have $17.63 PT which if reached, will make NASDAQ:MRAM worth $8.59 million more.

Wall Street await Everspin Technologies Inc (NASDAQ:MRAM) to release earnings on November, 13. Analysts forecast EPS of $-0.39, up exactly $0.15 or 27.78 % from 2014’s $-0.54 EPS. After posting $-0.40 EPS for the previous quarter, Everspin Technologies Inc’s analysts now forecast -2.50 % EPS growth.

Everspin Technologies Inc (NASDAQ:MRAM) Ratings Coverage

Among 3 analysts covering Everspin Technologies Inc (NASDAQ:MRAM), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everspin Technologies Inc had 7 analyst reports since June 5, 2017 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $1800 target in Thursday, August 10 report. The stock of Everspin Technologies Inc (NASDAQ:MRAM) earned “Buy” rating by Needham on Monday, August 28. The stock of Everspin Technologies Inc (NASDAQ:MRAM) earned “Buy” rating by Needham on Friday, August 11. The firm has “Buy” rating given on Monday, June 12 by Needham. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 14. Canaccord Genuity maintained Everspin Technologies Inc (NASDAQ:MRAM) rating on Thursday, August 24. Canaccord Genuity has “Buy” rating and $18.0 target. The firm has “Buy” rating by Stifel Nicolaus given on Monday, June 5.

More notable recent Everspin Technologies Inc (NASDAQ:MRAM) news were published by: Seekingalpha.com which released: “Everspin Technologies Could Fall On IPO Lockup Expiration” on March 22, 2017, also Quotes.Wsj.com with their article: “Everspin Technologies Inc.” published on September 29, 2016, Bizjournals.com published: “Everspin Technologies reports lower loss but higher revenue in first earnings …” on November 14, 2016. More interesting news about Everspin Technologies Inc (NASDAQ:MRAM) were released by: Seekingalpha.com and their article: “IPO Preview: Everspin Technologies Is A No Go” published on October 07, 2016 as well as Gurufocus.com‘s news article titled: “AWM Investment Company, Inc. Buys Everspin Technologies Inc, Microvision Inc …” with publication date: September 12, 2017.

Everspin Technologies, Inc. is a United States well-known provider of magnetoresistive random-access memory solutions. The company has market cap of $214.83 million. The Firm is engaged in designing, manufacturing and shipping discrete and embedded MRAM and spin-torque MRAM (ST-MRAM) into markets and applications. It currently has negative earnings. 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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