A share price of ACM Research Inc [ACMR] is currently trading at $31.92, down -5.87%. 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 47.78% over the last week, with a monthly amount glided 87.88%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, ACM Research Reports Fourth Quarter and Fiscal Year 2023 Results. In a post published today on Yahoo Finance, ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2023.
From an analyst’s perspective:
ACM Research Inc [NASDAQ: ACMR] stock has seen the most recent analyst activity on February 29, 2024, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $39 for it. Previously, Jefferies upgraded its rating to Buy on July 03, 2023, and elevated its price target to $23.40. On March 06, 2023, upgrade upgraded it’s rating to Overweight. Jefferies downgraded its rating to a Underperform and increased its price target to $8 on February 27, 2023. Morgan Stanley downgraded its rating to a Underweight but $10 remained the price target by the analyst firm on February 22, 2023. Jefferies upgraded its rating to Hold for this stock on November 07, 2022, and downed its price target to $7. In a note dated October 18, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $28 to $9.
ACM Research Inc experienced fluctuations in its stock price throughout the past year between $8.75 and $34.40. 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 $31.92 at the most recent close of the market. An investor can expect a potential return of 48.81% based on the average ACMR price forecast.
Analyzing the ACMR fundamentals
Trailing Twelve Months sales for ACM Research Inc [NASDAQ:ACMR] were 557.72M which represents 56.92% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 30.06 points at the first support level, and at 28.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.75, and for the 2nd resistance point, it is at 35.58.
ACM Research Inc [ACMR] reported earnings per share of $0.43 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.26 and a surprise factor of 152.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.57 per share as compared to estimates of $0.34 per share, a difference of $0.23 representing a surprise of 67.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ACM Research Inc [NASDAQ:ACMR] is 2.35. Further, the Quick Ratio stands at 1.26, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 3.50, the price to book ratio is 2.54 and price to earnings (TTM) ratio is 27.41.
Transactions by insiders
Recent insider trading involved Liu Tracy, Director, that happened on Feb 28 when 12500.0 shares were sold., Feng Lisa completed a deal on Feb 28 to sell 7500.0 shares. Meanwhile, McKechnie Mark sold 10000.0 shares on Jan 12.
