Currently, there are 56.04M common shares owned by the public and among those 47.59M shares have been available to trade.
The company’s stock has a 5-day price change of 16.23% and 4.68% over the past three months. ACMR shares are trading 20.75% year to date (YTD), with the 12-month market performance up to 36.39% higher. It has a 12-month low price of $12.53 and touched a high of $34.40 over the same period. ACMR has an average intraday trading volume of 1.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.35%, 31.03%, and 6.07% respectively.
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Institutional ownership of ACM Research Inc (NASDAQ: ACMR) shares accounts for 55.41% of the company’s 56.04M shares outstanding.
It has a market capitalization of $1.47B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 18.77, while the earnings-per-share (ttm) stands at $1.26. The company has a PEG of 0.94 and a Quick Ratio of 1.26 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.75% over the week and 5.60% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.03%, and 15.64% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 56.93% over the past 5-year period.
Looking at the support for the ACMR, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on February 29, 2024, with the firm’s price target at $39. Jefferies coverage for the ACM Research Inc (ACMR) stock in a research note released on July 03, 2023 offered a Buy rating with a price target of $23.40. Morgan Stanley was of a view on March 06, 2023 that the stock is Overweight, while Jefferies gave the stock Underperform rating on February 27, 2023, issuing a price target of $7- $8. Morgan Stanley on their part issued Underweight rating on February 22, 2023.
