The price-to-earnings ratio for Everspin Technologies Inc (NASDAQ: MRAM) is above average at 72.57x. The 36-month beta value for MRAM is also noteworthy at 0.91. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MRAM is 17.42M, and at present, short sellers hold a 4.01% of that float. The average trading volume of MRAM on September 19, 2024 was 147.37K shares.
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MRAM) stock’s latest price update
Everspin Technologies Inc (NASDAQ: MRAM)’s stock price has soared by 5.45 in relation to previous closing price of 5.32. Nevertheless, the company has seen a gain of 3.89% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-31 that Everspin Technologies, Inc. (NASDAQ:MRAM ) Q2 2024 Earnings Call July 31, 2024 5:00 PM ET Company Participants Cassidy Fuller – Investor Relations Sanjeev Aggarwal – President and Chief Executive Officer Matt Tenorio – Interim Chief Financial Officer Conference Call Participants Quinn Bolton – Needham & Company Richard Shannon – Craig-Hallum Operator Good afternoon, and welcome to the conference call to discuss Everspin Technologies Second Quarter 2024 Financial Results. [Operator Instructions] As a reminder, this conference call is being recorded.
MRAM’s Market Performance
MRAM’s stock has risen by 3.89% in the past week, with a monthly drop of -0.18% and a quarterly drop of -6.50%. The volatility ratio for the week is 3.87% while the volatility levels for the last 30 days are 3.92% for Everspin Technologies Inc The simple moving average for the past 20 days is 2.56% for MRAM’s stock, with a -22.19% simple moving average for the past 200 days.
Analysts’ Opinion of MRAM
Many brokerage firms have already submitted their reports for MRAM stocks, with Canaccord Genuity repeating the rating for MRAM by listing it as a “Buy.” The predicted price for MRAM in the upcoming period, according to Canaccord Genuity is $15 based on the research report published on November 17, 2017 of the previous year 2017.
Needham, on the other hand, stated in their research note that they expect to see MRAM reach a price target of $17, previously predicting the price at $24. The rating they have provided for MRAM stocks is “Strong Buy” according to the report published on November 14th, 2017.
Stifel gave a rating of “Buy” to MRAM, setting the target price at $19 in the report published on June 05th of the previous year.
MRAM Trading at -2.61% from the 50-Day Moving Average
After a stumble in the market that brought MRAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.57% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares surge +2.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.93% lower at present.
During the last 5 trading sessions, MRAM rose by +3.89%, which changed the moving average for the period of 200-days by -37.04% in comparison to the 20-day moving average, which settled at $5.48. In addition, Everspin Technologies Inc saw -37.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MRAM starting from Schrenk David, who sale 2,396 shares at the price of $5.60 back on Aug 28 ’24. After this action, Schrenk David now owns 106,321 shares of Everspin Technologies Inc, valued at $13,418 using the latest closing price.
Aggarwal Sanjeev, the PRESIDENT AND CEO of Everspin Technologies Inc, sale 1,310 shares at $5.40 during a trade that took place back on Aug 07 ’24, which means that Aggarwal Sanjeev is holding 457,738 shares at $7,074 based on the most recent closing price.
Stock Fundamentals for MRAM
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.57 for the gross margin
The net margin for Everspin Technologies Inc stands at 0.03. The total capital return value is set at 0.0. Equity return is now at value 3.35, with 2.79 for asset returns.
Based on Everspin Technologies Inc (MRAM), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.14. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -1.17.
Currently, EBITDA for the company is 7.09 million with net debt to EBITDA at -15.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The receivables turnover for the company is 5.76for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.11.
Conclusion
In summary, Everspin Technologies Inc (MRAM) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
