The stock of ACM Research Inc (ACMR) has seen a -5.03% decrease in the past week, with a -11.19% drop in the past month, and a 30.43% flourish in the past quarter. The volatility ratio for the week is 7.35%, and the volatility levels for the past 30 days are at 6.77% for ACMR. The simple moving average for the last 20 days is -6.14% for ACMR’s stock, with a simple moving average of 41.98% for the last 200 days.
Is It Worth Investing in ACM Research Inc (NASDAQ: ACMR) Right Now?
ACM Research Inc (NASDAQ: ACMR) has a higher price-to-earnings ratio of 23.52x compared to its average ratio, The 36-month beta value for ACMR is at 1.41. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ACMR is 46.05M, and currently, shorts hold a 7.85% of that float. The average trading volume for ACMR on April 24, 2024 was 1.72M shares.
ACMR) stock’s latest price update
ACM Research Inc (NASDAQ: ACMR)’s stock price has soared by 6.37 in relation to previous closing price of 25.75. Nevertheless, the company has seen a loss of -5.03% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that The latest trading day saw ACM Research, Inc. (ACMR) settling at $25.15, representing a +0.6% change from its previous close.
Analysts’ Opinion of ACMR
Many brokerage firms have already submitted their reports for ACMR stocks, with Goldman repeating the rating for ACMR by listing it as a “Buy.” The predicted price for ACMR in the upcoming period, according to Goldman is $39 based on the research report published on February 29, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ACMR reach a price target of $23.40, previously predicting the price at $9. The rating they have provided for ACMR stocks is “Buy” according to the report published on July 03rd, 2023.
ACMR Trading at 1.00% from the 50-Day Moving Average
After a stumble in the market that brought ACMR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.38% of loss for the given period.
Volatility was left at 6.77%, however, over the last 30 days, the volatility rate increased by 7.35%, as shares sank -9.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.43% upper at present.
During the last 5 trading sessions, ACMR fell by -5.03%, which changed the moving average for the period of 200-days by +104.40% in comparison to the 20-day moving average, which settled at $29.04. In addition, ACM Research Inc saw 40.17% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACMR starting from Wang David H, who sale 87,089 shares at the price of $27.62 back on Mar 14 ’24. After this action, Wang David H now owns 504,018 shares of ACM Research Inc, valued at $2,405,050 using the latest closing price.
Dun Haiping, the Director of ACM Research Inc, sale 19,434 shares at $27.70 during a trade that took place back on Mar 14 ’24, which means that Dun Haiping is holding 855,090 shares at $538,376 based on the most recent closing price.
Stock Fundamentals for ACMR
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.5 for the gross margin
The net margin for ACM Research Inc stands at 0.14. The total capital return value is set at 0.1. Equity return is now at value 10.73, with 5.67 for asset returns.
Based on ACM Research Inc (ACMR), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.85. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 35.75.
Currently, EBITDA for the company is 103.93 million with net debt to EBITDA at -0.78. When we switch over and look at the enterprise to sales, we see a ratio of 2.85. The receivables turnover for the company is 1.71for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.35.
Conclusion
In conclusion, ACM Research Inc (ACMR) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
