ACM Research Inc. (NASDAQ:ACMR) saw a downside of -0.61% to close Friday at $13.01 after subtracting -$0.08 on the day. The 5-day average trading volume is 447,200 shares of the company’s common stock. It has gained $13.80 in the past week and touched a new high 1 time within the past 5 days. An average of 680,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 683,166.
ACMR’s 1-month performance is 1.09% or -$0.49 on its low of $11.82 reached on 08/03/23. The company’s shares have touched a 52-week low of $5.46 and high of $18.69, with the stock’s rally to the 52-week high happening on 07/03/23. YTD, ACMR has achieved 68.74% or $5.30 and has reached a new high 14 times. However, the current price is down -30.39% from the 52-week high price.
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Insider Transactions
ACMR stock investors last saw insider trading activity on Jul 03.Feng Lisa () most recently sold 22,500 shares at $15.00 per share on Jul 03. This transaction cost the insider $337,500., Cheav Sotheara, sold 39,000 shares at a price of $10.00 on Jun 06. Then, on Jun 01, Director Dun Haiping sold 37,500 shares at a price of $10.00 per share. This transaction amounted to $375,000.
Valuation Metrics
ACMR stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.87 while the price-to-book (PB) in the most recent quarter is 1.12.
ACM Research Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.03, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 48.40%. The trailing 12-month EBITDA margin is 16.56% while for the period ending June 29, ACM Research Inc.’s operating margin was 14.00%. The firm’s gross profit as reported stood at $183.62 million against revenue of $388.83 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 54.38% to $26.83 million, while revenue of $7.15 million was 73.35% off the previous quarter. Analysts expected ACMR to announce $0.12 per share in earnings in its latest quarter, but it posted $0.48, representing a 300.00% surprise. EBITDA for the quarter stood at more than $32.67 million. ACMR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 483.53 million, with total debt at $80.92 million. Shareholders hold equity totaling $60.02 million.
Let’s look briefly at ACM Research Inc. (ACMR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 47.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.04%.
The stock’s 5-day moving average is $13.26, reflecting a -3.70% or -$0.50 change from its current price. ACMR is currently trading +0.31% above its 20-day SMA, +16.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +19.36% and SMA200 by+103.28%.
Stochastic %K and %D was 50.77% and 58.14% and the average true range (ATR) pointed at 0.64. The RSI (14) points at 50.12%, while the 14-day stochastic is at 50.07% with the period’s ATR at 0.66. The stock’s 9-day MACD Oscillator is pointing at -0.37 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ACM Research Inc. (NASDAQ: ACMR), Jefferies upgraded it to a Buy rating. They previously had an Underperform rating on the stock. Analysts offering their rating for ACMR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ACMR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is ACMR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $32.00, with their median price target at $16.50. Looking at these predictions, the average price target given by analysts is for ACM Research Inc. (ACMR) stock is $20.02.
