Everspin Technologies Stock Z Score

MRAM Stock  USD 7.92  0.08  1.00%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Everspin Technologies Piotroski F Score and Everspin Technologies Valuation analysis.
To learn how to invest in Everspin Stock, please use our How to Invest in Everspin Technologies guide.
  
At this time, Everspin Technologies' Capital Expenditures is very stable compared to the past year. As of the 28th of March 2024, Return On Capital Employed is likely to grow to 0.11, while Capital Surpluse is likely to drop about 155 M. At this time, Everspin Technologies' Income Before Tax is very stable compared to the past year. As of the 28th 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.

Everspin Z Score Analysis

Everspin Technologies' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2021 2022 2023 2024 (projected)
Interest Expense547K274K63K59.9K
Depreciation And Amortization1.3M1.2M1.2M1.6M

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Everspin Technologies Z Score

    
  17.52  
Most of Everspin Technologies' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Everspin Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Everspin Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Everspin Technologies is extremely important. It helps to project a fair market value of Everspin Stock properly, considering its historical fundamentals such as Z Score. Since Everspin Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Everspin Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Everspin Technologies' interrelated accounts and indicators.
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Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

Based on the company's disclosures, Everspin Technologies has a Z Score of 17.52. This is 30.26% higher than that of the Semiconductors & Semiconductor Equipment sector and 100.92% higher than that of the Information Technology industry. The z score for all United States stocks is 100.92% lower than that of the firm.

Everspin Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Everspin Technologies' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Everspin Technologies could also be used in its relative valuation, which is a method of valuing Everspin Technologies by comparing valuation metrics of similar companies.
Everspin Technologies is currently under evaluation in z score category among related companies.

Everspin Technologies 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.
Shares
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

Everspin Fundamentals

About Everspin Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Everspin Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Everspin Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Everspin Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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. Everspin Technologies operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 75 people.

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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 Everspin Technologies Piotroski F Score and Everspin Technologies Valuation analysis.
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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.
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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.