B+
Bull case
28%
Probability
Target price
$15.00
Analysis reference price unavailable
Analysis 2026-04-29 · RankAlpha Sentiment Codex
MRAM
EverspinFNasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
Current thesis
The constructive case is that FY2025 ended with 238 design wins expected to ramp in 2026-2027, Q1 had a prior revenue guide of $14.0-$15.0 million, and the recent xSPI and UNISYST announcements give dated product and platform checkpoints instead of a purely thematic memory story. [#IR-2026-03-04][#10-K-2026-03-04][#IR-2026-03-05][#IR-2026-03-10]
Posture
Defensive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta -0.3.
What can break
As of April 29, 2026, the checked company sources showed the Q1 2026 earnings date notice but not yet a visible results release or 8-K exhibit, limiting conviction on any post-earnings interpretation.
Momentum
51
Value
35
Sentiment
38
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $12.75 · Bull $15.00 · Bear $10.50Analysis 2026-04-29; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-29 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-09
Investment thesis
As of 2026-09-09
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions
Supporting evidence
What
Grade F · Defensive
Confidence Medium · Net Neutral
Target $25.67
Why
Momentum51 · Δ7d -18.0
Value35 · Δ7d 0.0
Sentiment38 · Δ7d -0.3
So what
Weak posture (Net Neutral). Prioritize risk control and patience.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta -0.3.
Contradictions & invalidation
- • As of April 29, 2026, the checked company sources showed the Q1 2026 earnings date notice but not yet a visible results release or 8-K exhibit, limiting conviction on any post-earnings interpretation.
- • Peer and analyst coverage are thin, so sentiment can swing on issuer-led headlines with limited external validation.
- • The cautious case is that the scheduled Q1 follow-up still lacked a visible company results release at the time checked, the Microchip expansion introduces meaningful execution and reimbursement commitments, and several forward hooks are still issuer-driven rather than validated by broad external adoption evidence.
Catalyst clock
2026-04-29
Q1 2026 earnings is the immediate proof point, but results were not yet visible in company sources as of April 29, 2026
Lead driver: Sentiment · See AI snapshot
Momentum
51
9% active weight
Current posture
7d trendSoftening
Δ7d
-18.0
Δ21d
+34.4
Value
35
28% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
-0.5
Sentiment
38
62% active weight
Current posture
7d trendFlat
Δ7d
-0.3
Δ21d
+11.8
Why this grade
Composite grade F. Momentum 51.0 / Value 34.5 / Sentiment 37.8
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-04-29. Scenario method
Most likely
B
Base case
47%
Probability
Target price
$12.75
Analysis reference price unavailable
Analysis 2026-04-29 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$10.50
Analysis reference price unavailable
Analysis 2026-04-29 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$483.35M
Beta
0.82
Shares Out
24.35M
P/E (TTM)
122.0
P/S (TTM)
4.54
P/FCF (TTM)
52.04
Rev YoY
+41.9%
EPS YoY
+404.4%
Gross Margin
+52.3%
Op Margin
-7.4%
Net Debt
-$37.86M
Current Ratio
4.74
As of 2026-09-09 • Updated nightlySource: Internal modelMethods & Data