MRAM stock forecast, quote, news & analysis
Everspin Technologies Inc is a manufacturer of Magnetoresistive Random Access Memory (MRAM) technology... Show more
Why Everspin Technologies (MRAM) Stock Is Down 31.8% in the Last 30 Days
Key Takeaways
- Everspin Technologies shares fell about 31.8% over the last 30 days, declining from a closing price of $18.47 on September 25, 2026, to $12.59 on October 23, 2026.
- The selloff unwound a sizable portion of a strong 2026 rally, even as the company reported record quarterly results earlier in the year.
- The decline was driven primarily by a broad semiconductor and AI-hardware pullback, profit-taking, and repositioning ahead of the company's third-quarter earnings report.
- Over the last quarter, MRAM is down roughly 24%, having rallied into early October before reversing sharply through the month.
- No analyst downgrades accompanied the decline; coverage remains constructive, with a consensus Buy rating and an average price target near $25.50.
- For a deeper look at valuation and expectations, explore the detailed Price Targets, Earnings, and Forecast pages.
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Everspin Technologies (MRAM) Company Overview and Market Position
Everspin Technologies, Inc. is the world's leading developer and manufacturer of magnetoresistive random access memory (MRAM), a class of persistent, non-volatile memory that retains data when power is lost. Headquartered in Chandler, Arizona, the company sells Toggle MRAM and spin-transfer torque (STT-MRAM) products, as well as tunnel magnetoresistance (TMR) sensors, into industrial, medical, automotive and transportation, aerospace and defense, and data center markets. It generates revenue through direct sales and distribution channels while also recognizing licensing, royalty, and engineering-services income, including work tied to U.S. defense programs. Investors follow MRAM because its technology sits at the intersection of high-reliability memory, edge AI, and domestic semiconductor supply-chain initiatives.
Everspin Technologies (MRAM) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, MRAM declined approximately 31.8%, from a September 25, 2026, closing price of $18.47 to $12.59 on October 23, 2026. The stock reached an intraday high near $19.77 in early October before entering a sustained decline that carried it to a monthly low near $12.22. The pullback was broad-based rather than a single-day event, with several sessions in October posting outsized percentage drops.
Looking at the last quarter, the stock is down roughly 24% from levels near $16.60 in late July. The three-month period was marked by two distinct phases: a rally into late September and early October, followed by a sharp reversal that erased those gains and took the stock to multi-month lows. This pattern reflects strong underlying fundamentals being outweighed, in the near term, by shifting risk appetite across the semiconductor sector.
What Drove MRAM Stock Price in the Last 30 Days
The 30-day decline occurred despite the absence of negative company-specific news and with no analyst downgrades reported during the period. Instead, the move reflects several overlapping market forces. First, a broad semiconductor and AI-hardware selloff weighed on small-cap chip names, with MRAM posting a decline of more than 7% in a single session alongside peers during that rotation. Second, the stock had run up substantially through 2026, gaining more than 40% year to date at its peak, which created room for profit-taking as momentum cooled.
Third, investor positioning ahead of the company's third-quarter 2026 earnings report, scheduled for October 28, contributed to reduced risk appetite in a high-beta, small-capitalization stock. Notably, the constructive analyst backdrop remained intact through the decline: Maxim Group initiated coverage with a Buy rating and a $25 price target, and Needham maintained its Buy rating with a $19 target, underscoring that the selloff was driven more by sentiment and positioning than by deteriorating fundamentals.
What Drove MRAM Stock Performance Over the Last Quarter
The quarter's broader narrative was defined by strong execution against a challenging tape. Everspin reported record second-quarter 2026 revenue of $18.7 million, up 42% year over year, with non-GAAP earnings of $0.11 per diluted share, both above guidance. Growth was powered by MRAM product sales and the initial revenue contribution from a two-and-a-half-year, $40 million subcontract with a U.S. prime contractor, as well as a strategic manufacturing agreement with Microchip Technology to expand onshore production capacity.
Additional catalysts included a first design win for a geosynchronous-Earth-orbit satellite mission with Astro Digital and the demonstration of the world's first Compute Express Link (CXL)-connected MRAM platform. These milestones supported the stock's rally into early October. The subsequent reversal was driven by sector-wide risk aversion rather than any change in the company's operational trajectory, highlighting the volatility inherent in a high-beta semiconductor name.
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MRAM Stock Forecast Drivers: What Investors Should Watch Next
Investors should monitor several factors in the periods ahead. The company's third-quarter 2026 earnings report, scheduled for October 28, will be a key catalyst, with management having guided to total revenue of $19.5 million to $20.5 million and non-GAAP earnings of $0.10 to $0.15 per diluted share. Revenue recognition under the $40 million defense subcontract, which management has cautioned will not be linear, is another item to watch closely.
Beyond earnings, the trajectory of product gross margins, which face cost pressure from packaging and assembly expenses, and the status of the Chandler, Arizona, fabrication facility following its planned sale by NXP Semiconductors remain important operational considerations. Broader semiconductor-sector sentiment, demand trends in industrial, aerospace and defense, and data center end markets, as well as the pace of adoption of the company's higher-density MRAM roadmap, will also shape the outlook. These factors should be weighed carefully, as all investing carries risk.
Disclaimer
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MRAM's RSI Indicator ascends from oversold territory
The RSI Indicator for MRAM moved out of oversold territory on October 26, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In 19 of the 23 cases the stock moved higher. This puts the odds of a move higher at 83%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 53 of 69 cases where MRAM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 77%.
Following a +10.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where MRAM advanced for three days, in 225 of 282 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
MRAM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 08, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on MRAM as a result. In 59 of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 77%.
The Moving Average Convergence Divergence Histogram (MACD) for MRAM turned negative on October 08, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In 34 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 77%.
MRAM moved below its 50-day moving average on October 08, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MRAM crossed bearishly below the 50-day moving average on October 14, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 59%.
The 50-day moving average for MRAM moved below the 200-day moving average on October 19, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MRAM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
The Aroon Indicator for MRAM entered a downward trend on September 24, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 7 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.640) is normal, around the industry mean (6.440). P/E Ratio (-116.083) is within average values for comparable stocks, (22.880). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.761). Dividend Yield (0.000) settles around the average of (0.011) among similar stocks. P/S Ratio (5.328) is also within normal values, averaging (45.794).
The Tickeron Seasonality Score of 29 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 63 (best 1 - 100 worst), indicating fairly steady price growth. MRAM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 83 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MRAM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
The Tickeron SMR rating for this company is 92 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 99 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a manufacturer of magnetic random access memory chips
Industry Semiconductors