Everspin Technologies, Inc. (MRAM) Stock: A Good Pick In The technology Sector?

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Everspin Technologies, Inc. (MRAM) is gaining in the market today. The stock, focused in the technology industry, is currently trading at $6.75 after a move up of 10.29% so far in today’s session. In terms of tech stocks, there are a number of factors that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories surrounding MRAM:

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Jun-11-19 08:00AM Everspin Enters Pilot Production Phase for the Worlds First 28 nm 1 Gb STT-MRAM Component
May-16-19 09:00AM Everspin to Present at Cowen Technology, Media & Telecom Conference on May 29
May-13-19 06:29PM Edited Transcript of MRAM earnings conference call or presentation 8-May-19 9:00pm GMT
04:05PM Everspin to Present at B. Riley FBR Institutional Investor Conference on May 22
May-08-19 06:45PM EVERSPIN TECH (MRAM) Reports Q1 Loss, Tops Revenue Estimates

However, when making an investing decision, prospective investors should focus on far more than news, especially in the ever changing technology sector. Here’s what’s happing when it comes to Everspin Technologies, Inc..

How MRAM Has Been Trending

Although a single session gain, like the gain that we’re seeing from Everspin Technologies, Inc. may lead to excitement in some investors, a single session gain alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to look at trends just a single trading session. In the case of MRAM, below are the movements that we’ve seen:

  • Weekly – Throughout the past five trading sessions, MRAM has seen a change in value that amounts to -4.53%.
  • Monthly – The monthly returns from Everspin Technologies, Inc. works out to -6.38%.
  • Past 3 Months – Throughout the past three months, the stock has produced a ROI of -19.35%
  • Past 6 Months – In the previous six months, we’ve seen a performance that works out to 5.97% from the stock.
  • Year To Date – Since the close of last year MRAM has produced a ROI of 20.32%.
  • Full Year – Lastly, in the past year, investors have seen performance that works out to -18.08% out of MRAM. In this period, the stock has traded at a high price of -39.73% and a low of 27.36%.

Ratios Worth Paying Attention To

Looking at a few key ratios having to do with a stock can provide investors an understanding of how dangerous and/or potentially profitable a stock pick may be. Here are some of the key ratios to look at when digging into MRAM.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to fall. Across the sector, strong tech stocks tend to have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Everspin Technologies, Inc., the stock’s short ratio comes to 6.79.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure the company’s abilities to cover its debts when they come due using current assets or quick assets. Because in tech, companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the current and quick ratios can be upsetting. Nonetheless, quite a few gems in the tech industry do have good quick and current ratios. As it relates to MRAM, the quick and current ratios add up to 1.80 and 2.50 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets owned by the company to the price of shares. In this case, that ratio works out to 1.25.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value works out to 0.97.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MRAM, here’s what we’re seeing:

Institutions own 66.90% of the company. Institutional interest has moved by -0.63% over the past three months. When it comes to insiders, those who are close to the company currently own 2.60% percent of MRAM shares. Institutions have seen ownership changes of an accumulative -0.27% over the last three months.

Analyst Opinions Of Everspin Technologies, Inc.

While it’s never a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to consider their opinions when validating your own due diligence before making an investment decision in the technology sector. Below you’ll find the recent moves that we have seen from analysts as it relates to MRAM.

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Nov-17-17 Reiterated Canaccord Genuity Buy $18 → $15
Nov-14-17 Reiterated Needham Strong Buy $24 → $17
Jun-05-17 Reiterated Stifel Buy $11 → $19

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.40. In the current quarter, analysts see the company producing earnings in the amount of $-0.26. Over the last 5 years, MRAM has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -188.30% and revenue has seen movement of -32.90%.

What’s The Float Looking Like?

Traders and investors seem to have an interest in the amounts of shares both outstanding and available. With respect to Everspin Technologies, Inc., there are currently 19.12M and there is a float of 15.97M. This means that of the total of 19.12M shares of MRAM currently in existence today, 15.97M are available to trade hands by the public.

I also like to pay attention to the short float. After all, if a large percentage of the float available for trading is shorted, the overall opinion among investors is that the equity is going to lose value. As far as it relates to MRAM, the short percentage of the float is currently 3.15%. Most investors would say that a high short percent of the float is any percentage over 40%. However, I have found that anything over 26% is likely a a play that could prove to be very risky.

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