Everspin Tech (NASDAQ:MRAM) Shares Gap Down – What’s Next?

Everspin Tech (NASDAQ:MRAM) gapped down prior to trading on Wednesday . The stock had previously closed at $24.18, but opened at $22.76. Everspin Tech shares last traded at $22.4160, with a volume of 332,567 shares.

Analyst Ratings Changes

Several brokerages have recently commented on MRAM. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Wednesday, June 24th. Needham & Company LLC boosted their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.50.

Everspin Tech Trading Down 14.3%

The stock has a market cap of $448.83 million, a PE ratio of 1,915.92 and a beta of 1.88. The business has a 50-day moving average price of $25.99 and a 200 day moving average price of $16.09.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The company had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Transactions at Everspin Tech

In related news, CFO William Earl Cooper sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $21.75, for a total value of $239,250.00. Following the completion of the transaction, the chief financial officer directly owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey G. Ribar sold 27,488 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $28.87, for a total transaction of $793,578.56. Following the completion of the transaction, the director owned 94,063 shares of the company’s stock, valued at $2,715,598.81. This represents a 22.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 155,510 shares of company stock valued at $4,839,122. 6.30% 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 the stock. Raymond James Financial Inc. bought a new position in shares of Everspin Tech in the second quarter worth $25,000. Kestra Advisory Services LLC bought a new stake in shares of Everspin Tech during the 4th quarter valued at $41,000. Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech during the 2nd quarter worth about $70,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Everspin Tech during the 3rd quarter worth about $82,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in Everspin Tech in the 1st quarter worth about $99,000. Hedge funds and other 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.