At the time of writing, ACM Research Inc [ACMR] stock is trading at $23.90, up 4.87%. 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 9.23% over the last week, with a monthly amount glided 12.31%, 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 $11.82 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 $23.90 at the most recent close of the market. An investor can expect a potential return of 98.74% based on the average ACMR price forecast.
Analyzing the ACMR fundamentals
According to ACM Research Inc [NASDAQ:ACMR], the company’s sales were 635.66M for trailing twelve months, which represents an 104.95% jump. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.18%, 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 0.06, Equity is 0.12 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 22.92 points at the first support level, and at 21.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.46, and for the 2nd resistance point, it is at 25.05.
Ratios To Look Out For
It is important to note that ACM Research Inc [NASDAQ:ACMR] has a current ratio of 2.31. Further, the Quick Ratio stands at 1.22, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 18.21.
Transactions by insiders
Recent insider trading involved Wang Jian, that happened on Jun 11 ’24 when 30000.0 shares were sold. Wang Jian completed a deal on Jun 10 ’24 to sell 30000.0 shares. Meanwhile, Wang Jian sold 30000.0 shares on Jun 07 ’24.
