Everspin Tech (NASDAQ:MRAM) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Everspin Tech (NASDAQ:MRAM)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.78 and traded as low as $8.35. Everspin Tech shares last traded at $8.79, with a volume of 233,684 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Finally, Needham & Company LLC reduced their price target on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everspin Tech currently has a consensus rating of “Hold” and an average price target of $14.00.

Everspin Tech Price Performance

The company has a market cap of $219.18 million, a PE ratio of -316.00 and a beta of 0.94. The company has a 50-day moving average of $10.52 and a 200 day moving average of $10.06.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $14.80 million for the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech had a negative return on equity of 0.90% and a negative net margin of 1.06%.Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Insider Buying and Selling at Everspin Tech

In related news, CEO Sanjeev Aggarwal sold 19,440 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $9.20, for a total value of $178,848.00. Following the completion of the sale, the chief executive officer directly owned 847,881 shares in the company, valued at $7,800,505.20. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William Earl Cooper sold 6,807 shares of Everspin Tech stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total transaction of $82,092.42. Following the transaction, the chief financial officer directly owned 93,193 shares of the company’s stock, valued at $1,123,907.58. The trade was a 6.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,796 shares of company stock worth $275,191 in the last 90 days. 6.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Everspin Tech

Several institutional investors have recently made changes to their positions in MRAM. XTX Topco Ltd bought a new position in Everspin Tech during the 4th quarter valued at about $322,000. Occudo Quantitative Strategies LP raised its position in Everspin Tech by 130.0% in the 4th quarter. Occudo Quantitative Strategies LP now owns 24,053 shares of the business services provider’s stock worth $223,000 after purchasing an additional 13,594 shares during the period. Balyasny Asset Management L.P. bought a new stake in Everspin Tech in the fourth quarter worth about $155,000. 683 Capital Management LLC bought a new stake in Everspin Tech in the fourth quarter worth about $1,020,000. Finally, Trexquant Investment LP purchased a new position in shares of Everspin Tech during the fourth quarter valued at approximately $156,000. Institutional investors own 44.68% of the company’s stock.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.