(MRAM) Everspin Technologies - Ratings and Ratios

Everspin Technologies, Inc., a leader in the development and manufacturing of magnetoresistive random access memory (MRAM) products, operates globally with a presence in key markets including the United States, Japan, Hong Kong, Germany, Singapore, China, and Canada. The company specializes in advanced MRAM technologies, offering a portfolio that includes Toggle MRAM, spin-transfer torque MRAM (STT-MRAM), and tunnel magnetoresistance (TMR) sensor products. Additionally, Everspin provides foundry services for MRAM products, leveraging its expertise in magnetic sensing and memory solutions. Its products are utilized across a range of applications, including industrial automation, medical devices, automotive systems, aerospace, and data center infrastructure. The company serves a diverse customer base of original equipment manufacturers (OEMs), contract manufacturers, and original design manufacturers (ODMs) through a combination of direct sales channels and a global network of representatives and distributors. Headquartered in Chandler, Arizona, Everspin Technologies, Inc. was founded in 2008 and has established itself as a key player in the MRAM market, which is increasingly recognized for its potential to replace traditional memory technologies in various applications due to its high performance, low latency, and non-volatility. Web URL: https://www.everspin.com

3-month forecast:

From a technical perspective, MRAM is currently trading below its 20-day, 50-day, and 200-day moving averages, indicating bearish momentum. The stocks average true range (ATR) of 0.23 suggests moderate volatility. Support levels may be tested near the recent lows, while resistance could emerge at the 50-day SMA of 6.11. A breakout above this level could signal a potential reversal.

Fundamentally, the companys high P/E ratio of 80.14 reflects elevated valuations, though the forward P/E of 48.08 suggests expectations of improved earnings. The P/B ratio of 2.08 indicates that the stock is trading at a premium to its book value. With a market cap of $123.26M and a P/S ratio of 2.29, Everspin is positioned as a smaller player in the semiconductor industry, with potential for growth driven by increasing demand for MRAM technology. However, the return on equity (RoE) of 2.59% highlights the need for improved profitability to justify current valuations.