2 Semiconductor Stocks Under $10 To Scoop Up Now

Moreover, the stock has gained 52.7% in price over the past nine months and 112.8% over the past year to close yesterday’s trading session at $8.92.

ASX’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

ASX is also rated A for  Value, Momentum, and Sentiment. In addition, within the A-rated Semiconductor & Wireless Chip industry, the stock is ranked #27 of 98 stocks.

To see additional POWR Ratings for Growth, Quality, and Stability for ASX, click here.

Everspin Technologies, Inc.

MRAM is a manufacturer and distributor of magnetoresistive random-access memory (MRAM) in the United States and internationally. The Chandler, Ariz.-based concern offers Toggle MRAM, Spin-Transfer Torque MRAM, and Tunnel MagnetoResistance Sensors, as well as foundry services for embedded MRAM. In addition, the company offers its products for applications in the data center, industrial, automotive, medical, aerospace, and transportation market.

In June, MRAM announced that Lucid Motors had designed its 256 Kilobit MRAM into the master powertrain system of the innovative Lucid Air all-electric luxury sedan. The company believes that this introduction of new technology will provide efficiency and will be present  in the long term with non-volatile memory and alternative memory technologies.

For the second quarter, ended June 30, 2021, MRAM’s total revenue increased 0.19% year-over-year to $11.85 million. The company’s gross profit rose 38.6% from its year-ago value to $7.2 million. Its gain from operations came in at $0.456 million, compared to a $1.09 million loss from operations in the prior-year quarter. The company reported EPS of $0.01, versus  a $0.07 loss per share in the second quarter of 2020.

MRAM’s revenue is expected to increase 14.4% year-over-year to $53.9 million in its fiscal year 2022. The company has an impressive earnings surprise history; it beat the consensus EPS estimates in three of the trailing four quarters. The company’s EPS is expected to increase 125% in the current year and 166.7% next year. The stock has gained 31% in price over the past six months and 24.3% over the past nine months to close yesterday’s trading session at $6.68.

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