In last trading session, ACM Research Inc (NASDAQ:ACMR) saw 1.02 million shares changing hands with its beta currently measuring 1.41. Company’s recent per share price level of $24.92 trading at -$0.6 or -2.35% at ring of the bell on the day assigns it a market valuation of $1.55B. That closing price of ACMR’s stock is at a discount of -38.04% from its 52-week high price of $34.40 and is indicating a premium of 64.89% from its 52-week low price of $8.75. Taking a look at company’s average trading volume volume of 1.73 million if we extend that period to 3-months.
ACM Research Inc (NASDAQ:ACMR) trade information
Upright in the red during last session for losing -2.35%, in the last five days ACMR remained trading in the red while hitting it’s week-highest on Friday, 04/26/24 when the stock touched $24.92 price level, adding 13.89% to its value on the day. ACM Research Inc’s shares saw a change of 27.53% in year-to-date performance and have moved -11.47% in past 5-day. ACM Research Inc (NASDAQ:ACMR) showed a performance of -18.24% in past 30-days.
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 94.54% of value to its shares in past 6 months, showing an annual growth rate of -0.61% while that of industry is 1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 120.00% in the current quarter and calculating -27.10% decrease in the next quarter. This year revenue growth is estimated to rise 25.40% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $148.18 million for the same. And 6 analysts are in estimates of company making revenue of $167.17 million in the next quarter that will end on Jun 2024. Company posted $74.26 million and $115.54 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 99.60% while estimating it to be 44.70% 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 56.93% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -13.58% 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 June 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.
