ACM Research Inc (NASDAQ:ACMR) saw an upside of 0.90% to close Friday at $15.66 after adding $0.14 on the day. The 5-day average trading volume is 673,000 shares of the company’s common stock. It has gained $16.36 in the past week and touched a new high 3 times within the past 5 days. An average of 942,680 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 832,818.
ACMR’s 1-month performance is -4.28% or $1.03 on its low of $14.73 reached on 08/23/23. The company’s shares have touched a 52-week low of $5.46 and high of $19.99, with the stock’s rally to the 52-week high happening on 09/06/23. YTD, ACMR has achieved 103.11% or $7.95 and has reached a new high 21 times. However, the current price is down -21.66% from the 52-week high price.
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Insider Transactions
ACMR stock investors last saw insider trading activity on Sep 13.Wang David H () most recently sold 85,116 shares at $17.68 per share on Sep 13. This transaction cost the insider $1,504,851., Wang David H, sold 90,000 shares at a price of $18.06 on Sep 12. Then, on Sep 01, McKechnie Mark sold 30,000 shares at a price of $18.00 per share. This transaction amounted to $540,000.
Valuation Metrics
ACMR stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.04 while the price-to-book (PB) in the most recent quarter is 1.36.
ACM Research Inc’s quick ratio for the period ended June 29 was 1.15, with the current ratio over the same period at 2.18. 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 0.12. In terms of profitability, the gross margin trailing 12 months is 49.53%. The trailing 12-month EBITDA margin is 16.56% while for the period ending June 29, ACM Research Inc’s operating margin was 19.00%. 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 22 September was 39.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.94%.
The stock’s 5-day moving average is $15.73, reflecting a +0.90% or $0.14 change from its current price. ACMR is currently trading +1.95% above its 20-day SMA, +67.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.66% and SMA200 by+70.96%.
Stochastic %K and %D was 10.09% and 12.13% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 46.57%, while the 14-day stochastic is at 10.29% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at -0.60 and -1.58 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.
