Everspin Technologies Stock Today

MRAM Stock  USD 7.92  0.08  1.00%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Everspin Technologies is selling at 7.92 as of the 29th of March 2024; that is -1 percent decrease since the beginning of the trading day. The stock's lowest day price was 7.87. Everspin Technologies has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Everspin Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Semiconductors & Semiconductor Equipment
IPO Date
7th of October 2016
Category
Technology
Classification
Information Technology
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory products in the United States, Hong Kong, Japan, China, Canada, and internationally. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona. The company has 21.23 M outstanding shares of which 91.27 K shares are now shorted by private and institutional investors with about 0.64 trading days to cover. More on Everspin Technologies

Moving against Everspin Stock

  0.72NVDA NVIDIA Financial Report 22nd of May 2024 PairCorr
  0.7FI Fiserv Inc Symbol ChangePairCorr
  0.67QCOM Qualcomm Incorporated Financial Report 1st of May 2024 PairCorr
  0.65AMD Advanced Micro Devices Aggressive PushPairCorr
  0.6IT Gartner Financial Report 7th of May 2024 PairCorr
  0.59AMAT Applied Materials Financial Report 16th of May 2024 PairCorr
  0.55ASML ASML Holding NV Fiscal Quarter End 31st of March 2024 PairCorr

Everspin Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Everspin Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Everspin Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOPhill LoPresti
Thematic Ideas
(View all Themes)
Business ConcentrationSemiconductors & Semiconductor Equipment, Information Technology, NASDAQ Composite, Semiconductor, Electronic Equipment, Information Technology, Semiconductors & Semiconductor Equipment, Semiconductors, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Everspin Technologies report their recommendations after researching Everspin Technologies' financial statements, talking to executives and customers, or listening in on Everspin Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Everspin Technologies. The Everspin consensus assessment is calculated by taking the average forecast from all of the analysts covering Everspin Technologies.
Everspin Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Everspin Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Everspin Technologies' financial leverage. It provides some insight into what part of Everspin Technologies' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Everspin Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Everspin Technologies deploys its capital and how much of that capital is borrowed.
Liquidity
Everspin Technologies cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 5.58 M in liabilities with Debt to Equity (D/E) ratio of 0.28, which may suggest the company is not taking enough advantage from borrowing. Everspin Technologies has a current ratio of 3.95, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Everspin Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Everspin Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Everspin Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Everspin to invest in growth at high rates of return. When we think about Everspin Technologies' use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(2.18 Million)
Everspin Technologies (MRAM) is traded on NASDAQ Exchange in USA. It is located in 5670 West Chandler Boulevard, Chandler, AZ, United States, 85226 and employs 82 people. Everspin Technologies is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 167.26 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Everspin Technologies's market, we take the total number of its shares issued and multiply it by Everspin Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Everspin Technologies conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 21.23 M outstanding shares of which 91.27 K shares are now shorted by private and institutional investors with about 0.64 trading days to cover. Everspin Technologies currently holds about 23.44 M in cash with 13.13 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.15.
Check Everspin Technologies Probability Of Bankruptcy
Ownership Allocation
Everspin Technologies holds a total of 21.23 Million outstanding shares. Over half of Everspin Technologies' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Everspin Technologies. Please watch out for any change in the institutional holdings of Everspin Technologies as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Everspin Ownership Details

Everspin Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Everspin Technologies jumping above the current price in 90 days from now is roughly 97.0%. The Everspin Technologies probability density function shows the probability of Everspin Technologies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2635. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Everspin Technologies will likely underperform. Additionally, everspin Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 7.92HorizonTargetOdds Above 7.92
3.29%90 days
 7.92 
96.66%
Based on a normal probability distribution, the odds of Everspin Technologies to move above the current price in 90 days from now is roughly 97.0 (This Everspin Technologies probability density function shows the probability of Everspin Stock to fall within a particular range of prices over 90 days) .

Everspin Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Everspin Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Everspin Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Everspin Technologies' value.
InstituionRecorded OnShares
Geode Capital Management, Llc2023-12-31
176.6 K
Two Sigma Investments Llc2023-12-31
163.5 K
Ameriprise Financial Inc2023-12-31
159.8 K
Susquehanna International Group, Llp2023-12-31
157.1 K
Qube Research & Technologies2023-12-31
148.8 K
Two Sigma Advisers, Llc2023-12-31
148.4 K
Man Group Plc2023-12-31
143.5 K
Ubs Group Ag2023-12-31
109.4 K
Bank Of America Corp2023-12-31
98.2 K
Awm Investment Company Inc2023-12-31
M
Vanguard Group Inc2023-12-31
754.3 K
View Everspin Technologies Diagnostics

Everspin Technologies Historical Income Statement

Everspin Technologies Income Statement is one of the three primary financial statements used for reporting Everspin's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Everspin Technologies revenue and expense. Everspin Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Everspin Technologies' Income Before Tax is very stable compared to the past year. As of the 29th of March 2024, Total Other Income Expense Net is likely to grow to about 3.3 M, while Selling General Administrative is likely to drop about 11.6 M. View More Fundamentals

Everspin Stock Against Markets

Picking the right benchmark for Everspin Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Everspin Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Everspin Technologies is critical whether you are bullish or bearish towards Everspin Technologies at a given time. Please also check how Everspin Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Everspin Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Positions Ratings Now

   

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

Everspin Technologies Corporate Directors

Everspin Technologies corporate directors refer to members of an Everspin Technologies board of directors. The board of directors generally takes responsibility for the Everspin Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Everspin Technologies' board members must vote for the resolution. The Everspin Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kevin ConleyIndependent DirectorProfile
Stephen SocolofIndependent DirectorProfile
Geoffrey RibarDirectorProfile
Michael GustafsonIndependent DirectorProfile

How to buy Everspin Stock?

Before investing in Everspin Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Everspin Technologies. To buy Everspin Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Everspin Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Everspin Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Everspin Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Everspin Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Everspin Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Everspin Stock please use our How to Invest in Everspin Technologies guide.

Already Invested in Everspin Technologies?

The danger of trading Everspin Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Everspin Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Everspin Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Everspin Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Everspin Technologies is a strong investment it is important to analyze Everspin Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Everspin Technologies' future performance. For an informed investment choice regarding Everspin Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Everspin Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Everspin Stock, please use our How to Invest in Everspin Technologies guide.
Note that the Everspin Technologies information on this page should be used as a complementary analysis to other Everspin Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Everspin Stock analysis

When running Everspin Technologies' price analysis, check to measure Everspin Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Everspin Technologies is operating at the current time. Most of Everspin Technologies' value examination focuses on studying past and present price action to predict the probability of Everspin Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everspin Technologies' price. Additionally, you may evaluate how the addition of Everspin Technologies to your portfolios can decrease your overall portfolio volatility.
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Money Managers
Screen money managers from public funds and ETFs managed around the world
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Stocks Directory
Find actively traded stocks across global markets
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Is Everspin Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Everspin Technologies. If investors know Everspin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Everspin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.112
Earnings Share
0.42
Revenue Per Share
3.073
Quarterly Revenue Growth
0.065
Return On Assets
0.06
The market value of Everspin Technologies is measured differently than its book value, which is the value of Everspin that is recorded on the company's balance sheet. Investors also form their own opinion of Everspin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Everspin Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Everspin Technologies' market value can be influenced by many factors that don't directly affect Everspin Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Everspin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Everspin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everspin Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.