(MRAM) Everspin Technologies - Ratings and Ratios

Everspin Technologies, Inc. is a pioneering semiconductor company specializing in the development and sale of MRAM technologies, catering to a diverse global customer base across multiple industries, including industrial, medical, automotive, aerospace, and data centers. The companys product portfolio encompasses Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products, serving original equipment manufacturers, contract manufacturers, and original design manufacturers through a direct sales channel and a network of representatives and distributors.

With a strong presence in the United States and international markets, including Japan, Hong Kong, Germany, Singapore, China, and Canada, Everspin Technologies has established itself as a key player in the MRAM industry. The companys commitment to innovation is reflected in its diverse product offerings, which are designed to meet the evolving needs of its customers across various applications. As a publicly traded company listed on NASDAQ under the ticker symbol MRAM, Everspin Technologies is headquartered in Chandler, Arizona, and was incorporated in 2008.

Analyzing the technical data, the stocks current price is $6.22, indicating a bullish trend as it is above its 20-day, 50-day, and 200-day simple moving averages (SMA20: $5.58, SMA50: $5.29, SMA200: $5.80). The Average True Range (ATR) of 0.27, representing a 4.41% volatility, suggests a relatively stable stock. Given the 52-week high and low prices ($6.82 and $4.40, respectively), the stock is currently trading near its 52-week high, indicating a strong upward momentum. Based on this technical analysis, a potential price target could be $7.50, representing a 20% increase from the current price.

From a fundamental analysis perspective, Everspin Technologies market capitalization stands at $133.46 million, with a forward price-to-earnings ratio of 29.67, indicating a relatively high growth expectation. The absence of a trailing P/E ratio is likely due to the companys negative earnings. The return on equity (RoE) of -0.20 further suggests that the company is currently not generating profits. However, considering the growing demand for MRAM technology and the companys expanding product portfolio, a potential turnaround in profitability can be anticipated. Combining the technical and fundamental analysis, a forecast for Everspin Technologies is that the stock price will continue to rise, driven by the companys innovative products and growing market demand, potentially reaching $7.50 in the near term.