ACM Research Inc (NASDAQ:ACMR) shares, rose in value, with the stock price up by 4.39% to the previous day’s close as strong demand from buyers drove the stock to $26.66.
Actively observing the price movement in the last trading, the stock closed the session at $25.54. The PE ratio was 17.52 over 12-month period. Referring to stock’s 52-week performance, its high was $33.40, and the low was $13.87. On the whole, ACMR has fluctuated by 33.84% over the past month.
With the market capitalization of ACM Research Inc currently standing at about $1.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 923.49M, with a low estimate of 162.5M and a high estimate of 172.05M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 165.98M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACMR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.83, with the price of ACMR currently trading nearly 9.05% and 33.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.70, while the 7-day volatility ratio is showing 8.03% which for the 30-day chart, stands at 6.56%. Furthermore, ACM Research Inc (ACMR)’s beta value is 1.63, and its average true range (ATR) is 1.79.
A comparison of ACM Research Inc (ACMR) with its peers suggests the former has fared considerably weaker in the market. ACMR showed an intraday change of 4.39% in last session, and over the past year, it shrunk by -21.38%%. In comparison, Lam Research Corp. (LRCX) has moved higher at 3.73%% on the day and was down -19.49% over the past 12 months.
Data on historical trading for ACM Research Inc (NASDAQ:ACMR) indicates that the trading volumes over the past 3 months, they’ve averaged 1.63 million. According to company’s latest data on outstanding shares, there are 57.94 million shares outstanding.
Nearly 22.17% of ACM Research Inc’s shares belong to company insiders and institutional investors own 59.94% of the company’s shares. The stock has risen by 76.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACMR stock heading into the next quarter.
