Everspin Technologies (NASDAQ:MRAM) Issues Q1 2025 Earnings Guidance

Everspin Technologies (NASDAQ:MRAM) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.050-0.000 for the period, compared to the consensus earnings per share estimate of 0.060. The company issued revenue guidance of $12.0 million-$13.0 million, compared to the consensus revenue estimate of $12.3 million.

Everspin Technologies Stock Up 2.5 %

Shares of NASDAQ:MRAM traded up $0.14 during midday trading on Wednesday, reaching $5.69. The company’s stock had a trading volume of 223,269 shares, compared to its average volume of 94,236. The firm has a 50 day moving average of $6.18 and a 200-day moving average of $6.01. The firm has a market capitalization of $125.02 million, a P/E ratio of 94.83 and a beta of 0.88. Everspin Technologies has a 12-month low of $4.89 and a 12-month high of $9.39.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MRAM shares. Needham & Company LLC reissued a “buy” rating and issued a $8.00 target price on shares of Everspin Technologies in a report on Thursday, October 31st. StockNews.com raised Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Everspin Technologies Company Profile

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.