Jim Cramer on Everspin Technologies: “You Gotta Be Careful”

Everspin Technologies, Inc. (NASDAQ:MRAM) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. A caller sought Cramer’s opinion of the stock, and he replied:

This is just up on a spike. I don’t know whether it’s like a short squeeze or whatever. I mean, at least, it does make money, but it’s at 90 times earnings. You gotta be careful. Again, we’re being in careful mode here because the market is switching in the way it’s valuing stocks.

Photo by Artem Podrez on Pexels

Everspin Technologies, Inc. (NASDAQ:MRAM) develops magnetoresistive random access memory (MRAM) products and sensors for industrial, medical, automotive, aerospace, and data center applications. The company also provides foundry services for MRAM and magnetic sensors.

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