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

Everspin Technologies (NASDAQ:MRAM) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.050-0.000 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

MRAM has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a research note on Thursday, October 31st. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Everspin Technologies Trading Up 0.5 %

MRAM stock traded up $0.03 during trading on Friday, hitting $5.64. 65,993 shares of the stock traded hands, compared to its average volume of 95,551. The stock has a market cap of $123.92 million, a price-to-earnings ratio of 94.17 and a beta of 0.88. Everspin Technologies has a one year low of $4.89 and a one year high of $9.00. The company has a 50 day simple moving average of $6.15 and a 200 day simple moving average of $6.00.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $13.20 million for the quarter, compared to analyst estimates of $12.50 million. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

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.