Everspin Tech (NASDAQ:MRAM) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Market Beat
2026.04.01 08:53
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Everspin Tech (NASDAQ:MRAM) shares fell below their 50-day moving average of $10.78, trading as low as $8.35 before closing at $8.79. Analysts have mixed ratings, with Wall Street Zen downgrading the stock from "buy" to "hold" and Weiss Ratings maintaining a "sell" rating. The company reported $0.11 EPS, exceeding estimates, and had revenue of $14.80 million. Institutional investors hold 44.68% of the stock. Everspin specializes in MRAM solutions and has a market cap of $203.22 million.