As of close of business last night, ACM Research Inc’s stock clocked out at $29.76, down -4.58% from its previous closing price of $31.19. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 1282924 shares were traded.
Ratios:
To gain a deeper understanding of ACMR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.08.
On July 03, 2023, Jefferies Upgraded its rating to Buy which previously was Underperform and also upped its target price recommendation from $9 to $23.40.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 14 ’24 when Wang David H sold 87,089 shares for $27.62 per share. The transaction valued at 2,405,050 led to the insider holds 504,018 shares of the business.
Dun Haiping sold 19,434 shares of ACMR for $538,376 on Mar 14 ’24. The Director now owns 855,090 shares after completing the transaction at $27.70 per share. On Mar 14 ’24, another insider, Cheav Sotheara, who serves as the insider of the company, sold 5,000 shares for $27.89 each. As a result, the insider received 139,428 and left with 100,002 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACMR now has a Market Capitalization of 1.82B and an Enterprise Value of 1.63B. As of this moment, ACM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.56, and their Forward P/E ratio for the next fiscal year is 16.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.26 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 2.93 whereas that against EBITDA is 12.86.
Stock Price History:
Over the past 52 weeks, ACMR has reached a high of $34.40, while it has fallen to a 52-week low of $8.75. The 50-Day Moving Average of the stock is 25.17, while the 200-Day Moving Average is calculated to be 18.63.
Shares Statistics:
It appears that ACMR traded 1.82M shares on average per day over the past three months and 1.3M shares per day over the past ten days. A total of 56.04M shares are outstanding, with a floating share count of 45.96M. Insiders hold about 24.77% of the company’s shares, while institutions hold 54.43% stake in the company. Shares short for ACMR as of Mar 15, 2024 were 3.25M with a Short Ratio of 1.78, compared to 3.61M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.31% and a Short% of Float of 7.23%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.41 and a low estimate of $0.29, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.36, with high estimates of $0.44 and low estimates of $0.28.
Analysts are recommending an EPS of between $1.8 and $1.18 for the fiscal current year, implying an average EPS of $1.46. EPS for the following year is $1.85, with 4 analysts recommending between $2.25 and $1.45.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $152.41M. It ranges from a high estimate of $168.35M to a low estimate of $114M. As of the current estimate, ACM Research Inc’s year-ago sales were $74.26M, an estimated increase of 105.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $168.01M, an increase of 45.40% less than the figure of $105.20% in the same quarter last year. There is a high estimate of $175.32M for the next quarter, whereas the lowest estimate is $163M.
A total of 7 analysts have provided revenue estimates for ACMR’s current fiscal year. The highest revenue estimate was $747.7M, while the lowest revenue estimate was $685M, resulting in an average revenue estimate of $701.7M. In the same quarter a year ago, actual revenue was $557.72M, up 25.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $866.91M in the next fiscal year. The high estimate is $980.67M and the low estimate is $750M. The average revenue growth estimate for next year is up 23.50% from the average revenue estimate for this year.
