At the time of writing, ACM Research Inc [ACMR] stock is trading at $28.84, up 2.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ACMR shares have lost -3.09% over the last week, with a monthly amount glided 6.38%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of ACM Research Inc fluctuated 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 $28.84 at the most recent close of the market. An investor can expect a potential return of 64.7% based on the average ACMR price forecast.
Analyzing the ACMR fundamentals
According to ACM Research Inc [NASDAQ:ACMR], the company’s sales were 557.72M for trailing twelve months, which represents an 56.92% jump. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.21%, 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 0.11 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 27.91 points at the first support level, and at 26.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.48, and for the 2nd resistance point, it is at 30.12.
Ratios To Look Out For
It is important to note that ACM Research Inc [NASDAQ:ACMR] has a current ratio of 2.35. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 3.16, the price to book ratio is 2.29 and price to earnings (TTM) ratio is 24.77.
Transactions by insiders
Recent insider trading involved Wang David H,, that happened on Mar 14 ’24 when 87089.0 shares were sold. Director, Dun Haiping completed a deal on Mar 14 ’24 to sell 19434.0 shares. Meanwhile, Cheav Sotheara sold 5000.0 shares on Mar 14 ’24.
