Professional
Added to YB: 2026-05-21
Pitch date: 2026-05-19
MRAM [bearish]
Everspin Technologies, Inc.
+11.23%
current return
Author Info
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Company Info
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, Canada, and internationally.
Market Cap
$425.8M
Pitch Price
$32.60
Price Target
14.00 (-56%)
Dividend
N/A
EV/EBITDA
-83.93
P/E
2.1K
EV/Sales
6.82
Sector
Semiconductors and Semiconductor Equipment
Category
value
Everspin Technologies, Inc. (MRAM) - Memory Error
MRAM (short): Niche industrial memory supplier ($900M mkt cap) serving casino gaming, aerospace, railway systems—not AI hyperscalers. Rev flat ~$50-65M for 5yrs despite 20yrs commercial availability. Recent $40M defense contract is milestone-based services, not scaled demand. Stock +300% in weeks on AI memory hype despite no biz change. CEO, CFO, 2 directors sold shares. Trades 10x '27E sales, 38x '27E EBITDA vs peers w/ actual AI exposure. PT $14 (~60% downside) at 4x '27E rev.
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