Everspin Tech (NASDAQ:MRAM) Stock Price Down 11.4% – Time to Sell?

Everspin Tech (NASDAQ:MRAM)’s share price dropped 11.4% during mid-day trading on Friday . The company traded as low as $25.20 and last traded at $25.1740. Approximately 444,825 shares were traded during trading, a decline of 79% from the average daily volume of 2,092,493 shares. The stock had previously closed at $28.42.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Needham & Company LLC lifted their price target on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.50.

Everspin Tech Price Performance

The firm has a market capitalization of $568.50 million, a P/E ratio of 2,428.53 and a beta of 1.87. The stock’s fifty day simple moving average is $20.55 and its 200 day simple moving average is $13.90.

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

Insider Activity

In other news, CFO William Earl Cooper sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.13, for a total value of $291,300.00. Following the completion of the sale, the chief financial officer owned 151,030 shares of the company’s stock, valued at $4,399,503.90. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glen Hawk sold 48,563 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $37.95, for a total value of $1,842,965.85. Following the transaction, the director owned 39,551 shares in the company, valued at approximately $1,500,960.45. This trade represents a 55.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 176,499 shares of company stock worth $5,032,220. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Everspin Tech

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Everspin Tech during the second quarter valued at about $25,000. Kestra Advisory Services LLC purchased a new stake in Everspin Tech during the 4th quarter worth approximately $41,000. Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech during the 2nd quarter worth approximately $70,000. Gordian Capital Singapore Pte Ltd acquired a new position in Everspin Tech during the 3rd quarter valued at approximately $82,000. Finally, Fortitude Advisory Group L.L.C. purchased a new position in shares of Everspin Tech in the first quarter worth $99,000. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Everspin Tech Company Profile

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.