ACM Research Inc [NASDAQ: ACMR] traded at a high on Monday, posting a 7.06 gain after which it closed the day’ session at $23.59.
The results of the trading session contributed to over 6351615 shares changing hands. Over the past one week, the price volatility of ACM Research Inc stands at 8.75% while the volatility over the past one month is 5.60%.
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The market cap for ACMR stock reached $1.47 billion, with 56.04 million shares outstanding and 47.59 million shares in the current float. Compared to the average trading volume of 1.36M shares, ACMR reached a trading volume of 6351615 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about ACM Research Inc [ACMR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACMR shares is $33.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACMR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for ACM Research Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Jefferies dropped their target price from $9 to $23.40. The new note on the price target was released on July 03, 2023, representing the official price target for ACM Research Inc stock. On February 27, 2023, analysts increased their price target for ACMR shares from 7 to 8.
The Average True Range (ATR) for ACM Research Inc is set at 1.45, with the Price to Sales ratio for ACMR stock in the period of the last 12 months amounting to 2.13. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 5.95.
How has ACMR stock performed recently?
ACM Research Inc [ACMR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.23. With this latest performance, ACMR shares gained by 50.77% in over the last four-week period, additionally sinking by -24.35% over the last 6 months – not to mention a rise of 36.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACMR stock in for the last two-week period is set at 72.75, with the RSI for the last a single of trading hit 79.19, and the three-weeks RSI is set at 66.84 for ACM Research Inc [ACMR]. The present Moving Average for the last 50 days of trading for this stock 18.10, while it was recorded at 20.53 for the last single week of trading, and 22.27 for the last 200 days.
ACM Research Inc [ACMR]: Deeper insight into the fundamentals
ACM Research Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 2.29.
Earnings analysis for ACM Research Inc [ACMR]
With the latest financial reports released by the company, ACM Research Inc posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.23. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACMR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ACM Research Inc go to 20.00%.
Insider trade positions for ACM Research Inc [ACMR]
There are presently around $60.72%, or 73.03%% of ACMR stock, in the hands of institutional investors. The top three institutional holders of ACMR stocks are: BLACKROCK INC. with ownership of 4.07 million shares, which is approximately 6.6335%. VANGUARD GROUP INC, holding 3.9 million shares of the stock with an approximate value of $$90.04 million in ACMR stocks shares; and VANGUARD GROUP INC, currently with $$26.62 million in ACMR stock with ownership which is approximately 1.8807%.
