Everspin Technologies, Inc. (NASDAQ:MRAM) Director Sells $22949.47 in Stock – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Everspin Technologies, Inc. (NASDAQ:MRAM – Get Rating) Director Darin G. Billerbeck sold 3,637 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $6.31, for a total transaction of $22,949.47. Following the completion of the sale, the director now directly owns 97,478 shares of the company’s stock, valued at approximately $615,086.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Everspin Technologies Price Performance
NASDAQ:MRAM traded down $0.27 during mid-day trading on Friday, reaching $6.27. The stock had a trading volume of 92,891 shares, compared to its average volume of 162,488. The stock has a 50-day simple moving average of $5.98 and a two-hundred day simple moving average of $6.08. Everspin Technologies, Inc. has a 12 month low of $4.71 and a 12 month high of $13.28. The stock has a market capitalization of $127.55 million, a PE ratio of 13.93 and a beta of 1.32.
Everspin Technologies (NASDAQ:MRAM – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The business services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $15.24 million during the quarter. Everspin Technologies had a return on equity of 28.84% and a net margin of 14.68%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on MRAM. StockNews.com assumed coverage on Everspin Technologies in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Craig Hallum reduced their target price on Everspin Technologies to $9.00 in a report on Tuesday, November 15th.
Institutional Trading of Everspin Technologies
A number of hedge funds have recently added to or reduced their stakes in MRAM. Prospera Financial Services Inc acquired a new position in shares of Everspin Technologies during the first quarter worth $41,000. Principal Financial Group Inc. acquired a new position in Everspin Technologies in the 2nd quarter worth about $55,000. Commonwealth Equity Services LLC acquired a new stake in shares of Everspin Technologies during the third quarter valued at about $58,000. Virtu Financial LLC bought a new stake in shares of Everspin Technologies during the third quarter worth about $64,000. Finally, Alpha Paradigm Partners LLC acquired a new position in shares of Everspin Technologies in the third quarter valued at approximately $94,000. Institutional investors and hedge funds own 42.15% of the company’s stock.
About Everspin Technologies
(Get Rating)
Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for embedded MRAM.
Featured Stories
- Get a free copy of the StockNews.com research report on Everspin Technologies (MRAM)
- Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost?
- Institutions Are Buying Ambarella, Should You?
- Can ZIM Defy Broad Downturn In The Container Shipping Industry?
- Ford Revving Up Production Of EV Power Units At U.K. Plant
- Are the Short Sellers Still Right About Mullen Automotive stock?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Everspin Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Everspin Technologies wasn’t on the list.
While Everspin Technologies currently has a “Strong Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.