ACM Research Inc (NASDAQ: ACMR) In 2024: Is This Company Worth Thinking About Investing In?

In the last trading session, 1.01 million shares of the ACM Research Inc (NASDAQ:ACMR) were traded, and its beta was 1.42. Most recently the company’s share price was $25.75, and it changed around $0.75 or 3.00% from the last close, which brings the market valuation of the company to $1.57B. ACMR currently trades at a discount to its 52-week high of $34.40, offering almost -33.59% off that amount. The share price’s 52-week low was $8.75, which indicates that the current value has risen by an impressive 66.02% since then. We note from ACM Research Inc’s average daily trading volume that its 3-month average coming to 1.74 million.

ACM Research Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ACMR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. ACM Research Inc is expected to report earnings per share of $Amcor plc for the current quarter.

ACM Research Inc (NASDAQ:ACMR) trade information

Instantly ACMR has showed a green trend with a performance of 3.00% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 31.78% year-to-date, but still down -8.72% over the last five days. On the other hand, ACM Research Inc (NASDAQ:ACMR) is -14.71% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $47.5, which translates to bulls needing to increase their stock price by 45.79% from its current value. Analyst projections state that ACMR is forecast to be at a low of $18 and a high of $106.

ACM Research Inc (ACMR) estimates and forecasts

ACM Research Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 47.31 percent over the past six months and at a -0.61% annual growth rate that is well below the industry average of 1.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 56.93%. ACM Research Inc earnings are expected to increase by -13.15% in 2024, but the outlook is positive 42.74% per year for the next five years.