ACM Research Inc (NASDAQ: ACMR) is -1.84% lower on its value in year-to-date trading and has touched a low of $13.94 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 $18.68 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $19.18, the stock is 0.90% and 0.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 2.68% at the moment leaves the stock -14.23% off its SMA200. ACMR registered 9.60% gain for a year compared to 6-month loss of -13.91%. The firm has a 50-day simple moving average (SMA 50) of $19.0895 and a 200-day simple moving average (SMA200) of $22.346725.
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The stock witnessed a 0.52% gain in the last 1 month and extending the period to 3 months gives it a -1.59%, and is 2.40% 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 3.37% over the week and 4.63% over the month.
ACM Research Inc (ACMR) has around 1590 employees, a market worth around $1.20B and $728.97M in sales. Current P/E ratio is 14.46 and Fwd P/E is 10.26. Profit margin for the company is 12.38%. Distance from 52-week low is 37.59% and -44.24% from its 52-week high. The company has generated returns on investments over the last 12 months (9.05%).
The EPS is expected to grow by 7.67% this year
266.0 institutions hold shares in ACM Research Inc (ACMR), with institutional investors hold 69.43% of the company’s shares. The shares outstanding are 56.04M, and float is at 48.78M with Short Float at 9.33%. Institutions hold 58.73% 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).
