In the latest session, ACM Research Inc (NASDAQ: ACMR) closed at $28.63 up 5.61% from its previous closing price of $27.11. In other words, the price has increased by $+1.52 from its previous closing price. On the day, 1961937 shares were traded. ACMR stock price reached its highest trading level at $28.88 during the session, while it also had its lowest trading level at $27.32.
Ratios:
For a deeper understanding of ACM Research Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1.66B and an Enterprise Value of 1.47B. As of this moment, ACM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.59, and their Forward P/E ratio for the next fiscal year is 15.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.14 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 2.64 whereas that against EBITDA is 11.58.
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 22.15, while the 200-Day Moving Average is calculated to be 17.20.
Shares Statistics:
For the past three months, ACMR has traded an average of 1.64M shares per day and 1.75M over the past ten days. A total of 56.04M shares are outstanding, with a floating share count of 45.84M. Insiders hold about 24.97% 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 2.92, 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
There are 4 different market analysts currently analyzing its stock. 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
A total of 6 analysts believe the company’s revenue will be $152.41M this quarter.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.
