ACM Research Inc (NASDAQ:ACMR) price on current trading day, rose 20.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $27.69.
A look at the stock’s price movement, the close in the last trading session was $22.94. The PE ratio in trailing twelve months stood at 20.87. Turning to its 52-week performance, $34.40 and $13.87 were the 52-week high and 52-week low respectively. Overall, ACMR moved 60.80% over the past month.
ACM Research Inc’s market cap currently stands at around $1.73 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 176.86M for the company’s revenue for the quarter, with a low and high estimate of 165.37M and 185M respectively. The average forecast suggests up to a 16.21% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 912.99M, representing a 16.73% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACMR is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
19 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 15 recommend ACMR as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ACMR’s current price about 20.50% and 46.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.53, while 7-day volatility ratio is 7.59% and 6.00% in the 30-day chart. Further, ACM Research Inc (ACMR) has a beta value of 1.63, and an average true range (ATR) of 1.67. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $17.65 and high of $30. Looking at the price targets, the low is 36.26% off current price level while to achieve the yearly target high, price needs to move -8.34%. Nonetheless, investors will most likely welcome a 27.77% jump to $20 which is the analysts’ median price.
If we refocus on ACM Research Inc (NASDAQ:ACMR), historical trading data shows that trading volumes averaged 1.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 57.52 million shares.
The 22.22% of ACM Research Inc’s shares are in the hands of company insiders while institutional holders own 60.09% of the company’s shares. Current price change has pushed the stock 83.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACMR stock continues to rise going into the next quarter.
