Should I Buy MRAM? MRAM 2026 Analysis

Should You Buy Everspin Technologies Inc (MRAM) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

10.920

1 Day change

9.53%

52 Week Range

17.240

Analysis Updated At

2026/02/05

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Not a good buy right now for an impatient investor: price action/momentum are still bearish and there’s no proprietary buy signal to override that.
Options positioning is aggressively call-heavy (bullish speculation), which can fuel a bounce, but the technical trend is not yet confirming a reversal.
Financials show revenue growth but a sharp profitability collapse, limiting confidence in chasing dips immediately.

Technical Analysis

Trend/Momentum: Bearish. MACD histogram at -0.543 is below zero and negatively expanding, signaling increasing downside momentum.
RSI (6): 24.404, which typically indicates oversold conditions (near-term bounce potential), but oversold alone is not a reliable “buy now” trigger while MACD keeps deteriorating.
Moving averages: Converging MAs suggest compression/indecision, but current momentum remains down.
Levels: Pivot 12.834 is well above the current 10.125 (price is trading below pivot = bearish). Near support sits around S2 9.17; S1 listed at 10.569 is above current price (acts more like overhead resistance now).

Intellectia Proprietary Trading Signals

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment (positioning): Extremely call-skewed. Put/Call OI ratio 0.05 (puts are tiny vs calls), and put/call volume ratio 0.1 (today’s flow also call-dominant).
Activity: Today’s option volume (1,712) is ~48.5x the 30-day average, signaling unusually elevated speculation/attention.
Volatility: IV (30D) ~109.48 vs historical vol ~106.78; IV percentile 88.84 indicates options are expensive vs the past year (market expects large moves).
Interpretation: The options market is leaning bullish/lottery-ticket style, which can support a sharp rebound, but it also often accompanies high-risk, unstable price action.

Technical Summary

Sell

Buy

Positive Catalysts

- Potential technical bounce setup: RSI is deeply oversold, which can trigger short-term mean reversion.
- Options flow is strongly call-biased with unusually high activity, which can amplify upside if spot price stabilizes.
- Prior quarter revenue growth (+16.27% YoY) and gross margin improvement (+4.12% YoY) show some operational progress.

Neutral/Negative Catalysts

- Momentum is still worsening: MACD histogram is negative and expanding, consistent with an active downtrend.
- Key reference levels overhead: price is well below the 12.834 pivot, implying substantial resistance above.
- Fundamentals: Profitability deteriorated sharply (net income -97.62% YoY; EPS down to 0), which can keep buyers cautious.
- No fresh news catalysts in the last week to explain (or reverse) the current weakness.
- Flows: Hedge funds and insiders show neutral activity—no supportive accumulation signal from “smart money” in the provided data.

Financial Performance

Latest reported quarter: 2025/Q3.
Revenue: 14.06M, up +16.27% YoY (top-line growth positive).
Gross Margin: 51.25%, up +4.12% YoY (margin improvement positive).
Net Income: 54K, down -97.62% YoY (profitability collapsed).
EPS: 0, down -100% YoY (earnings power is currently weak).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

No analyst rating/price target change data was provided, so a current Wall Street consensus trend can’t be confirmed here.
Practical takeaway: without clear analyst upgrades/targets to anchor sentiment, the decision leans more heavily on the bearish technicals and the mixed fundamentals.
Pros view (inferred from provided datapoints): revenue growth + improving gross margin could support a long-term story.
Cons view (inferred): collapsing net income/EPS and current downtrend make it unattractive to buy immediately.

1 Analyst Rating

Wall Street analysts forecast MRAM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MRAM is 0 USD with a low forecast of 8 USD and a high forecast of 8 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 9.970

Low

Averages

High