ACM Research Inc (NASDAQ: ACMR) is 52.38% higher on its value in year-to-date trading and has touched a low of $13.87 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 $20.85 in the last trading session, with the day’s gains setting it 2.16%.
Currently trading at $23.01, the stock is 24.70% and 36.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 10.36% at the moment leaves the stock 15.94% off its SMA200. ACMR registered 45.27% gain for a year compared to 6-month gain of 52.13%. The firm has a 50-day simple moving average (SMA 50) of $16.8114 and a 200-day simple moving average (SMA200) of $19.857225.
The stock witnessed a 44.99% loss in the last 1 month and extending the period to 3 months gives it a 23.98%, and is 12.03% 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 6.01% over the week and 5.38% over the month.
ACM Research Inc (ACMR) has around 1590 employees, a market worth around $1.44B and $728.97M in sales. Current P/E ratio is 17.34 and Fwd P/E is 12.04. Profit margin for the company is 12.38%. Distance from 52-week low is 65.90% and -33.11% 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 13.71% this year
271.0 institutions hold shares in ACM Research Inc (ACMR), with institutional investors hold 76.14% of the company’s shares. The shares outstanding are 57.52M, and float is at 48.71M with Short Float at 8.60%. Institutions hold 64.67% 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 Nov 29 ’24, Dun Haiping (Director) disposed off 19,058 shares at an average price of $17.43 for $0.33 million. The insider now directly holds 755,090 shares of ACM Research Inc (ACMR).
