At the time of writing, ACM Research Inc [ACMR] stock is trading at $21.60, up 5.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ACMR shares have gain 10.32% over the last week, with a monthly amount glided 6.67%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 6, February 2024, ACM Research to Release Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024. In a post published today on Yahoo Finance, ACM Research, Inc. (“ACM”) (NASDAQ: ACMR) announced today that it will release its financial results for the fourth quarter and fiscal year 2023 before the U.S. market open on Wednesday, February 28, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results.
From an analyst’s perspective:
ACM Research Inc [NASDAQ: ACMR] stock has seen the most recent analyst activity on July 03, 2023, when Jefferies upgraded its rating to a Buy and also boosted its price target to $23.40 from $9. Previously, Morgan Stanley upgraded its rating to Overweight on March 06, 2023. On February 27, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $8 on the stock. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $10 on February 22, 2023. Jefferies upgraded its rating to a Hold and reduced its price target to $7 on November 07, 2022. Morgan Stanley downgraded its rating to Equal-Weight for this stock on October 18, 2022, and downed its price target to $9. In a note dated October 11, 2022, Jefferies downgraded an Underperform rating on this stock but restated the target price of $8.
For the past year, the stock price of ACM Research Inc fluctuated between $8.75 and $22.47. Currently, Wall Street analysts expect the stock to reach $47.5 within the next 12 months. ACM Research Inc [NASDAQ: ACMR] shares were valued at $21.60 at the most recent close of the market. An investor can expect a potential return of 119.91% based on the average ACMR price forecast.
Analyzing the ACMR fundamentals
According to ACM Research Inc [NASDAQ:ACMR], the company’s sales were 495.94M for trailing twelve months, which represents an 26.07% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.11 points at the first support level, and at 20.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.19, and for the 2nd resistance point, it is at 22.78.
ACM Research Inc [ACMR] reported earnings per share of $0.57 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.23 and a surprise factor of 67.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.48 per share as compared to estimates of $0.12 per share, a difference of $0.36 representing a surprise of 300.00%.
Ratios To Look Out For
It is important to note that ACM Research Inc [NASDAQ:ACMR] has a current ratio of 2.32. Further, the Quick Ratio stands at 1.26, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.64, the price to book ratio is 1.80 and price to earnings (TTM) ratio is 19.89.
Transactions by insiders
Recent insider trading involved McKechnie Mark,, that happened on Jan 12 when 10000.0 shares were sold. Director, Liu Tracy completed a deal on Dec 26 to sell 10000.0 shares. Meanwhile, Feng Lisa sold 7500.0 shares on Dec 26.
