ACM Research Inc (NASDAQ: ACMR) is 9.11% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACMR stock was last observed hovering at around $20.77 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $21.32, the stock is 10.77% and 15.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 2.65% at the moment leaves the stock -4.51% off its SMA200. ACMR registered 6.23% gain for a year compared to 6-month loss of -25.48%. The firm has a 50-day simple moving average (SMA 50) of $18.4246 and a 200-day simple moving average (SMA200) of $22.3262.
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The stock witnessed a 31.12% gain in the last 1 month and extending the period to 3 months gives it a -16.46%, and is -3.27% down 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 7.97% over the week and 5.95% over the month.
ACM Research Inc (ACMR) has around 1590 employees, a market worth around $1.33B and $693.56M in sales. Current P/E ratio is 16.96 and Fwd P/E is 11.64. Profit margin for the company is 12.26%. Distance from 52-week low is 70.15% and -38.02% 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 -2.99% this year.
ACM Research Inc (ACMR) Top Institutional Holders
282.0 institutions hold shares in ACM Research Inc (ACMR), with institutional investors hold 71.38% of the company’s shares. The shares outstanding are 56.04M, and float is at 48.65M with Short Float at 9.72%. Institutions hold 60.72% 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
The most recent transaction is an insider sale by Shanghai Science & Technology, the company’s Possible member of 10% group. SEC filings show that Shanghai Science & Technology sold 700,000 shares of the company’s common stock on Oct 04 ’24 at a price of $21.41 per share for a total of $14.99 million. Following the sale, the insider now owns 2.7 million shares.
ACM Research Inc disclosed in a document filed with the SEC on Oct 07 ’24 that Shanghai Science & Technology (Possible member of 10% group) sold a total of 275,000 shares of the company’s common stock. The trade occurred on Oct 07 ’24 and was made at $24.07 per share for $6.62 million. Following the transaction, the insider now directly holds 2.43 million shares of the ACMR stock.
Still, SEC filings show that on Oct 08 ’24, Shanghai Science & Technology (Possible member of 10% group) disposed off 90,396 shares at an average price of $21.13 for $1.91 million. The insider now directly holds 2,338,510 shares of ACM Research Inc (ACMR).
