Market Insight: ACM Research Inc (ACMR)’s Notable Drop, Closing at 22.54

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In the latest session, ACM Research Inc (NASDAQ: ACMR) closed at $22.54 down -4.25% from its previous closing price of $23.54. In other words, the price has decreased by -$4.25 from its previous closing price. On the day, 1.28 million shares were traded. ACMR stock price reached its highest trading level at $23.71 during the session, while it also had its lowest trading level at $22.43.

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 1.22 and its Current Ratio is at 2.31. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.07.

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 Jun 11 ’24 when Wang Jian sold 30,000 shares for $23.02 per share. The transaction valued at 690,576 led to the insider holds 253,158 shares of the business.

Wang Jian sold 30,000 shares of ACMR for $662,100 on Jun 10 ’24. The insider now owns 253,158 shares after completing the transaction at $22.07 per share. On Jun 07 ’24, another insider, Wang Jian, who serves as the insider of the company, sold 30,000 shares for $22.07 each. As a result, the insider received 662,100 and left with 253,158 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 1459681408 and an Enterprise Value of 1405108608. As of this moment, ACM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.17, and their Forward P/E ratio for the next fiscal year is 12.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 2.21 whereas that against EBITDA is 11.607.

Stock Price History:

The Beta on a monthly basis for ACMR is 1.55, which has changed by 0.7114655 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, ACMR has reached a high of $34.40, while it has fallen to a 52-week low of $11.82. The 50-Day Moving Average of the stock is -5.29%, while the 200-Day Moving Average is calculated to be 3.78%.

Shares Statistics:

For the past three months, ACMR has traded an average of 1.20M shares per day and 1139920 over the past ten days. A total of 56.04M shares are outstanding, with a floating share count of 47.17M. Insiders hold about 23.94% of the company’s shares, while institutions hold 54.19% stake in the company. Shares short for ACMR as of 1718323200 were 4040099 with a Short Ratio of 3.37, compared to 1715731200 on 4056699. Therefore, it implies a Short% of Shares Outstanding of 4040099 and a Short% of Float of 8.81.

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