Everspin Technologies (MRAM) Scheduled to Post Quarterly Earnings on Wednesday

Everspin Technologies (NASDAQ:MRAM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Everspin Technologies has set its Q1 2024 guidance at 0.000-0.050 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Everspin Technologies had a net margin of 14.20% and a return on equity of 18.96%. The business had revenue of $16.71 million for the quarter.

Everspin Technologies Trading Down 1.3 %

NASDAQ:MRAM opened at $7.48 on Tuesday. Everspin Technologies has a 12 month low of $6.21 and a 12 month high of $10.50. The company has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.62. The stock has a market cap of $158.80 million, a price-to-earnings ratio of 17.81 and a beta of 0.99.

Insider Buying and Selling

In other news, CFO Anuj Aggarwal sold 20,000 shares of Everspin Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.21, for a total transaction of $164,200.00. Following the completion of the transaction, the chief financial officer now directly owns 302,824 shares in the company, valued at $2,486,185.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sanjeev Aggarwal sold 17,452 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $7.84, for a total transaction of $136,823.68. Following the transaction, the chief executive officer now directly owns 476,679 shares of the company’s stock, valued at $3,737,163.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Anuj Aggarwal sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.21, for a total transaction of $164,200.00. Following the completion of the sale, the chief financial officer now owns 302,824 shares in the company, valued at approximately $2,486,185.04. The disclosure for this sale can be found here. Insiders have sold 72,968 shares of company stock valued at $590,033 over the last quarter. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and issued a $12.00 target price on shares of Everspin Technologies in a research note on Thursday, February 29th.

About Everspin Technologies

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.