The price of ACM Research Inc (NASDAQ: ACMR) closed at $29.65 in the last session, down -1.71% from day before closing price of $30.16. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 1053287 shares were traded.
Ratios:
We take a closer look at ACMR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1.81B 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 25.46, and their Forward P/E ratio for the next fiscal year is 15.98. 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 3.25 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 2.92 whereas that against EBITDA is 12.81.
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 23.37, while the 200-Day Moving Average is calculated to be 17.78.
Shares Statistics:
According to the various share statistics, ACMR traded on average about 1.75M shares per day over the past 3-months and 1.55M shares per day over the past 10 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 54.36% stake in the company. Shares short for ACMR as of Feb 29, 2024 were 4.8M with a Short Ratio of 2.75, compared to 3.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.86% and a Short% of Float of 10.70%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. 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
According to 6 analysts, the current quarter’s revenue is expected to be $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.
