ACM Research Inc (NASDAQ: ACMR) is -2.20% lower on its value in year-to-date trading and has touched a low of $12.53 and a high of $34.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACMR stock was last observed hovering at around $19.03 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $19.11, the stock is 10.73% and 6.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.42% at the moment leaves the stock -13.98% off its SMA200. ACMR registered 2.63% gain for a year compared to 6-month loss of -38.77%. The firm has a 50-day simple moving average (SMA 50) of $17.9486 and a 200-day simple moving average (SMA200) of $22.221725.
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The stock witnessed a 14.40% gain in the last 1 month and extending the period to 3 months gives it a -19.94%, and is 7.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.26% over the week and 4.93% over the month.
ACM Research Inc (ACMR) has around 1590 employees, a market worth around $1.19B and $693.56M in sales. Current P/E ratio is 15.20 and Fwd P/E is 10.45. Profit margin for the company is 12.26%. Distance from 52-week low is 52.51% and -44.45% from its 52-week high. The company has generated returns on investments over the last 12 months (9.37%).
The EPS is expected to shrink by -3.03% this year
283.0 institutions hold shares in ACM Research Inc (ACMR), with institutional investors hold 72.99% of the company’s shares. The shares outstanding are 56.04M, and float is at 47.55M with Short Float at 10.43%. Institutions hold 60.69% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.07 million shares valued at $93.87 million. The investor’s holdings represent 6.6335 of the ACMR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.9 million shares valued at $90.04 million to account for 6.3623 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 1.15 million shares representing 1.8807 and valued at over $26.62 million, while STATE STREET CORP holds 1.876 of the shares totaling 1.15 million with a market value of $26.55 million.
ACM Research Inc (ACMR) Insider Activity
Still, SEC filings show that on Aug 29 ’24, Dun Haiping (Director) disposed off 19,097 shares at an average price of $18.08 for $0.35 million. The insider now directly holds 755,090 shares of ACM Research Inc (ACMR).
