The closing price of ACM Research Inc (NASDAQ: ACMR) was $30.46 for the day, up 4.24% from the previous closing price of $29.22. In other words, the price has increased by $+1.24 from its previous closing price. On the day, 1759641 shares were traded.
Ratios:
Our analysis of ACMR’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 28 ’24 when Liu Tracy sold 12,500 shares for $25.20 per share. The transaction valued at 315,000 led to the insider holds 110,772 shares of the business.
Feng Lisa sold 7,500 shares of ACMR for $189,000 on Feb 28 ’24. The insider now owns 50,001 shares after completing the transaction at $25.20 per share. On Jan 12 ’24, another insider, McKechnie Mark, who serves as the insider of the company, sold 10,000 shares for $22.00 each. As a result, the insider received 220,000 and left with 900 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 1.79B and an Enterprise Value of 1.60B. As of this moment, ACM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.16, and their Forward P/E ratio for the next fiscal year is 16.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.34 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 2.87 whereas that against EBITDA is 12.62.
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 20.33, while the 200-Day Moving Average is calculated to be 16.34.
Shares Statistics:
ACMR traded an average of 1.55M shares per day over the past three months and 3.79M shares per day over the past ten days. A total of 56.04M shares are outstanding, with a floating share count of 45.95M. Insiders hold about 24.79% of the company’s shares, while institutions hold 54.35% stake in the company. Shares short for ACMR as of Feb 15, 2024 were 3.61M with a Short Ratio of 2.34, compared to 3.55M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.95% and a Short% of Float of 8.12%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.41 and a low estimate of $0.09, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.34, with high estimates of $0.44 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.8 and $1.16 for the fiscal current year, implying an average EPS of $1.44. EPS for the following year is $1.76, with 3 analysts recommending between $2.25 and $1.45.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. 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 6 analysts’ estimates, the company’s revenue will be $868.06M 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 23.70% from the average revenue estimate for this year.
