ACM Research Inc (NASDAQ: ACMR) is -3.02% lower on its value in year-to-date trading and has touched a low of $12.95 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 $18.18 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $18.95, the stock is -2.77% and 1.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 4.24% at the moment leaves the stock -15.02% off its SMA200. ACMR registered 26.33% gain for a year compared to 6-month loss of -25.86%. The firm has a 50-day simple moving average (SMA 50) of $18.6466 and a 200-day simple moving average (SMA200) of $22.310274.
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The stock witnessed a -13.09% gain in the last 1 month and extending the period to 3 months gives it a -2.77%, and is -5.39% 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 5.34% over the week and 4.82% over the month.
ACM Research Inc (ACMR) has around 1590 employees, a market worth around $1.18B and $693.56M in sales. Current P/E ratio is 15.07 and Fwd P/E is 10.35. Profit margin for the company is 12.26%. Distance from 52-week low is 46.33% and -44.91% 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
273.0 institutions hold shares in ACM Research Inc (ACMR), with institutional investors hold 69.95% of the company’s shares. The shares outstanding are 56.04M, and float is at 48.65M with Short Float at 10.18%. Institutions hold 59.50% 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).
