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Does ACM Research Inc. (NASDAQ:ACMR) Look Expensive At $15.52? Here’s How To Know.

In last trading session, ACM Research Inc. (NASDAQ:ACMR) saw 1.74 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $15.52 trading at -$1.22 or -7.29% at ring of the bell on the day assigns it a market valuation of $931.04M. That closing price of ACMR’s stock is at a discount of -28.8% from its 52-week high price of $19.99 and is indicating a premium of 64.82% from its 52-week low price of $5.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.09 million shares which gives us an average trading volume of 815.30K if we extend that period to 3-months.

ACM Research Inc. (NASDAQ:ACMR) trade information

Upright in the red during last session for losing -7.29%, in the last five days ACMR remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $15.52 price level, adding 18.62% to its value on the day. ACM Research Inc.’s shares saw a change of 101.30% in year-to-date performance and have moved -17.14% in past 5-day. ACM Research Inc. (NASDAQ:ACMR) showed a performance of 19.57% in past 30-days. Number of shares sold short was 1.8 million shares which calculate 1.95 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $22.24 to the stock, which implies a rise of 30.22% to its current value. Analysts have been projecting $13.00 as a low price target for the stock while placing it at a high target of $32.00. It follows that stock’s current price would drop -106.19% in reaching the projected high whereas dropping to the targeted low would mean a gain of 16.24% for stock’s current value.

ACM Research Inc. (ACMR) estimates and forecasts

Statistics highlight that ACM Research Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 26.38% of value to its shares in past 6 months, showing an annual growth rate of 49.40% while that of industry is 57.70. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -22.20% in the current quarter and calculating 47.40% increase in the next quarter. This year revenue growth is estimated to rise 43.50% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $172.46 million for the same. And 7 analysts are in estimates of company making revenue of $166.54 million in the next quarter that will end on Dec 2023. Company posted $133.71 million and $108.54 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 29.00% while estimating it to be 53.40% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 145.60% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 4.00% while estimates for its earnings growth in next 5 years are of 42.74%.

ACMR Dividends

ACM Research Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

ACM Research Inc. (NASDAQ:ACMR)’s Major holders

Insiders are in possession of 22.34% of company’s total shares while institution are holding 55.94 percent of that, with stock having share float percentage of 72.03%. Investors also watch the number of corporate investors in a company very closely, which is 55.94% institutions for ACM Research Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at ACMR for having 3.68 million shares of worth $48.17 million. And as of Jun 29, 2023, it was holding 6.70% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 3.43 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.24% of outstanding shares, having a total worth of $44.86 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.33 million shares of worth $17.41 million or 2.42% of the total outstanding shares. The later fund manager was in possession of 1.1 million shares on Jul 30, 2023, making its stake of worth around $14.44 million in the company or a holder of 2.00% of company’s stock.

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