ACM Research Inc. (NASDAQ:ACMR) finished Wednesday with an addition of $1.73 to close at $16.36, an upside of 11.83 percent. An average of 1,217,420 shares of common stock have been traded in the last five days. There was a gain of $3.38 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 868,730 shares traded, while the 50-day average volume stands at 747,212.
ACMR stock has increased by 28.41% in the last month. The company shares reached their 1-month lowest point of $11.82 on 08/03/23. With the stock rallying to its 52-week high on 08/23/23, shares of the company touched a low of $5.46 and a high of $18.69 in 52 weeks. It has reached a new high 15 times so far this year and achieved 112.19% or $8.65 in price. In spite of this, the price is down -12.47% from the 52-week high.
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Insider Transactions
ACMR stock investors should be aware that ACM Research Inc. (ACMR) stock had its last reported insider trading activity 52 days ago on Jul 03. In this transaction, the insider spent $337,500., Cheav Sotheara, disposed of 39,000 shares at a price of $10.00 on Jun 06. The insider now owns more than $390,000 worth of shares. Prior to that, Director Dun Haiping went on to Sale 37,500 shares at $10.00 each on Jun 01. An amount of $375,000 was transacted.
Valuation Metrics
ACM Research Inc. (ACMR) has a trailing price-to-earnings (P/E) ratio of 20.45. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.35, the price-to-book (PB) ratio at 1.41.
Financial Health
The quick ratio of ACM Research Inc. for the three months ended June 29 was 1.20, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.11 for the quarter ending June 29. ACM Research Inc.’s EBITDA margin for the year ending June 29 is 16.56%, while its operating margin for the same period stands at 14.00%. Its gross profit as reported stood at $183.62 million compared to revenue of $388.83 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ACM Research Inc.’s return on assets was 3.30%.
Earnings Surprise
For the three-month period that ended June 29, ACM Research Inc. had $15.9 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $26.83 million in the quarter, while revenues of $7.15 million were grew 54.38%. The analyst consensus anticipated ACM Research Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.48, a 300.00% surprise. For the quarter, EBITDA amounted to $32.67 million. Shareholders own equity worth $60.02 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ACM Research Inc. (ACMR) price momentum. RSI 9-day as of the close on 23 August was 78.94%, suggesting the stock is Overbought, with historical volatility in this time frame at 72.64%.
As of today, ACMR’s price is $14.16 +26.04% or $3.38 from its 5-day moving average. ACMR is currently trading +33.01% higher than its 20-day SMA and +39.23% higher than its 100-day SMA. However, the stock’s current price level is +55.37% above the SMA50 and +163.02% above the SMA200.
The stochastic %K and %D were 88.73% and 74.58%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 94.95% and the average true range at 0.81, the RSI (14) stands at 72.71%. The stock has reached 1.07 on the 9-day MACD Oscillator while the 14-day reading was at 1.24.
Analyst Ratings
Jefferies upgraded ACM Research Inc. (NASDAQ: ACMR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for ACM Research Inc. (ACMR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ACMR, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is ACMR’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $32.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for ACM Research Inc. (ACMR) stock is $21.13.
