How does MRAM's PE Ratio compare to its peers?

MRAM is expensive based on its Price-To-Earnings Ratio (91x) compared to the peer average (10.1x).

How does MRAM's PE Ratio compare vs other companies in the US Semiconductor Industry?

MRAM is expensive based on its Price-To-Earnings Ratio (91x) compared to the US Semiconductor industry average (29.7x).

What is MRAM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MRAM is expensive based on its Price-To-Earnings Ratio (91x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

What is the Fair Price of MRAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MRAM ($6.36) is trading below our estimate of [[fair value]] ($11.85)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Everspin Technologies (Nasdaq:MRAM) - Stock Price, News & Analysis

MRAM Stock Overview

Engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. More details

MRAM fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 46.3% below our estimate of its fair value

Earnings are forecast to grow 36.16% per year

Risk Analysis

Significant insider selling over the past 3 months

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Profit margins (2.8%) are lower than last year (12.3%)

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Emerging AI And STT-MRAM Innovations Could Spark Revenue Growth Despite Market Volatility

Key Takeaways STT-MRAM technology and strategic partnerships could drive growth in data centers, automotive, and defense sectors, boosting revenue and margins. Collaboration in AI and automotive markets reflects potential revenue increase, supported by design wins and aligning with industry standards.

View narrative

US$9.00

29.3% undervalued

6.39%

Revenue growth p.a.

3 days ago

Everspin Technologies, Inc. Competitors

TOYO

NasdaqCM:TOYO

US$135.1m

O2Micro International

NasdaqGS:OIIM

US$143.0m

NVE

NasdaqCM:NVEC

US$391.4m

Sequans Communications

NYSE:SQNS

US$69.2m

Price History & Performance

Summary of all time highs, changes and price drops for Everspin Technologies
Historical stock prices
Current Share Price	US$6.36
52 Week High	US$9.43
52 Week Low	US$4.89
Beta	0.90
11 Month Change	-0.16%
3 Month Change	10.61%
1 Year Change	-31.02%
33 Year Change	-46.19%
5 Year Change	21.61%
Change since IPO	-20.70%

Everspin Technologies' (NASDAQ:MRAM) Problems Go Beyond Weak Profit

Nov 06

Everspin Technologies (NASDAQ:MRAM) Is Experiencing Growth In Returns On Capital

Oct 30

Everspin Technologies: Trying To Get Over The Hump

Oct 11

Recent updates

Everspin Technologies' (NASDAQ:MRAM) Problems Go Beyond Weak Profit

Nov 06

Everspin Technologies (NASDAQ:MRAM) Is Experiencing Growth In Returns On Capital

Oct 30

Everspin Technologies: Trying To Get Over The Hump

Oct 11

At US$5.98, Is Everspin Technologies, Inc. (NASDAQ:MRAM) Worth Looking At Closely?

Sep 20

Everspin: Potential AI Buildout Beneficiary, With Giveaway Valuation

May 13

Everspin Technologies: At An Attractive Price Once More (Rating Upgrade)

Apr 03

Everspin Technologies, Inc.'s (NASDAQ:MRAM) Shareholders Might Be Looking For Exit

Mar 06

Investors Should Be Encouraged By Everspin Technologies' (NASDAQ:MRAM) Returns On Capital

Aug 15

Does Everspin Technologies (NASDAQ:MRAM) Have A Healthy Balance Sheet?

Jun 14

Everspin: High-Growth Semiconductor Pick With New Product Line

May 06

Shareholder Returns

	MRAM	US Semiconductor	US Market
7D	8.3%	0.9%	2.2%
1Y	-31.0%	85.5%	31.6%

Return vs Industry: MRAM underperformed the US Semiconductor industry which returned 87.1% over the past year.

Return vs Market: MRAM underperformed the US Market which returned 31.7% over the past year.

Price Volatility

Is MRAM's price volatile compared to industry and market?
MRAM volatility
MRAM Average Weekly Movement	6.3%
Semiconductor Industry Average Movement	7.6%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: MRAM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MRAM's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2008	83	Sanjeev Aggarwal	www.everspin.com

Everspin Technologies, Inc. engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products. The company provides its products for applications, including industrial, medical, automotive/transportation, aerospace, and data center markets.

Everspin Technologies, Inc. Fundamentals Summary

How do Everspin Technologies's earnings and revenue compare to its market cap?
MRAM fundamental statistics
Market cap	US$139.74m
Earnings (TTM)	US$1.54m
Revenue (TTM)	US$53.87m

91.0x

P/E Ratio

2.6x

P/S Ratio

Is MRAM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRAM income statement (TTM)
Revenue	US$53.87m
Cost of Revenue	US$24.83m
Gross Profit	US$29.03m
Other Expenses	US$27.50m
Earnings	US$1.54m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.07
Gross Margin	53.90%
Net Profit Margin	2.85%
Debt/Equity Ratio	0%

How did MRAM perform over the long term?

See historical performance and comparison

MRAM Stock Overview

Rewards

Risk Analysis

Emerging AI And STT-MRAM Innovations Could Spark Revenue Growth Despite Market Volatility

Everspin Technologies, Inc. Competitors

NasdaqCM:TOYO

US$135.1m

NasdaqGS:OIIM

US$143.0m

NasdaqCM:NVEC

US$391.4m

NYSE:SQNS

US$69.2m

Price History & Performance

Recent News & Updates

Everspin Technologies' (NASDAQ:MRAM) Problems Go Beyond Weak Profit

Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

Everspin Technologies (NASDAQ:MRAM) Is Experiencing Growth In Returns On Capital

Everspin Technologies, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Everspin Technologies: Trying To Get Over The Hump

Recent updates

Everspin Technologies' (NASDAQ:MRAM) Problems Go Beyond Weak Profit

Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

Everspin Technologies (NASDAQ:MRAM) Is Experiencing Growth In Returns On Capital

Everspin Technologies, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Everspin Technologies: Trying To Get Over The Hump

At US$5.98, Is Everspin Technologies, Inc. (NASDAQ:MRAM) Worth Looking At Closely?

Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2024

Everspin Technologies, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Everspin: Potential AI Buildout Beneficiary, With Giveaway Valuation

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 25% undervalued after recent price drop

Everspin Technologies, Inc. Provides Revenue Guidance for the Second Quarter 2024

Everspin Technologies, Inc. to Report Q1, 2024 Results on May 01, 2024

Everspin Technologies, Inc., Annual General Meeting, May 23, 2024

Everspin Technologies Unveils Persyst, Simplifying Persistent Memory Solutions

President recently sold US$137k worth of stock

Everspin Technologies: At An Attractive Price Once More (Rating Upgrade)

Independent Director notifies of intention to sell stock

Everspin Technologies, Inc. Announces the Appointment of Douglas Mitchell to Its Board of Directors

Chief Financial Officer recently sold US$164k worth of stock

Chief Financial Officer notifies of intention to sell stock

New minor risk - Earnings quality

Everspin Technologies, Inc.'s (NASDAQ:MRAM) Shareholders Might Be Looking For Exit

Consensus EPS estimates fall by 26%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Everspin Technologies, Inc. Provides Earnings Guidance for the First Quarter of 2024

Everspin Technologies, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Everspin Technologies: Fair Price Point With An Exciting Market Opportunity

President recently sold US$105k worth of stock

President notifies of intention to sell stock

Chief Financial Officer notifies of intention to sell stock

Chairman of the Board recently sold US$87k worth of stock

Chairman of the Board notifies of intention to sell stock

Consensus EPS estimates increase by 15%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Everspin Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter 2023

Now 20% undervalued

Everspin Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Everspin Announces Expansion of Industrial STT-MRAM Devices

President recently sold US$77k worth of stock

Now 23% undervalued

President notifies of intention to sell stock

Chief Financial Officer recently sold US$89k worth of stock

Now 22% undervalued

Insider recently sold US$51k worth of stock

Insider notifies of intention to sell stock

Consensus EPS estimates increase by 162%

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Everspin Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Everspin Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Are Investors Undervaluing Everspin Technologies, Inc. (NASDAQ:MRAM) By 49%?

Price target increased by 16% to US$11.00

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Why Everspin Technologies, Inc. (NASDAQ:MRAM) Could Be Worth Watching

Price target increased by 11% to US$10.00