Everspin Tech (NASDAQ:MRAM) Shares Cross Below 50 Day Moving Average – Time to Sell?

Shares of Everspin Tech (NASDAQ:MRAM) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.78 and traded as low as $8.35. Everspin Tech shares last traded at $8.79, with a volume of 233,684 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MRAM shares. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday. Finally, Needham & Company LLC reduced their price target on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.00.

Everspin Tech Trading Up 7.7%

The firm’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $10.07. The stock has a market capitalization of $203.22 million, a PE ratio of -293.00 and a beta of 0.86.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $14.80 million for the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.90%. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Insider Activity

In other news, CFO William Earl Cooper sold 6,807 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $12.06, for a total transaction of $82,092.42. Following the sale, the chief financial officer directly owned 93,193 shares of the company’s stock, valued at $1,123,907.58. This represents a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everspin Tech

A number of large investors have recently bought and sold shares of MRAM. Herald Investment Management Ltd boosted its position in Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after purchasing an additional 125,000 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Everspin Tech in the third quarter valued at approximately $433,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Everspin Tech in the third quarter valued at approximately $131,000. Kestra Advisory Services LLC acquired a new position in shares of Everspin Tech during the 4th quarter worth approximately $41,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Everspin Tech during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.