In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Everspin Technologies Inc (MRAM), with a price target of $14. The company’s shares opened today at $6.75.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.4% and a 54.6% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Smart Global Holdings Inc, and Adesto Technologies Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Everspin Technologies Inc with a $12.50 average price target.
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Based on Everspin Technologies Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $4.26 million. In comparison, last year the company had a GAAP net loss of $1.28 million.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.
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Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. Its products store data as a magnetic state and is offered as either a discrete or embedded solution.
