During the last session, ACM Research Inc (NASDAQ:ACMR)’s traded shares were 1.05 million, with the beta value of the company hitting 1.51. At the end of the trading day, the stock’s price was $17.86, reflecting an intraday loss of -3.04% or -$0.56. The 52-week high for the ACMR share is $34.40, that puts it down -92.61 from that peak though still a striking 29.84% gain since the share price plummeted to a 52-week low of $12.53. The company’s market capitalization is $1.12B, and the average intraday trading volume over the past 10 days was 0.88 million shares, and the average trade volume was 1.33 million shares over the past three months.
ACM Research Inc (ACMR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ACMR has a Sell rating from 2 analyst(s) out of 19 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 15 recommend a Buy rating for it.
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ACM Research Inc (NASDAQ:ACMR) trade information
ACM Research Inc (ACMR) registered a -3.04% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.04% in intraday trading to $17.86, hitting a weekly high. The stock’s 5-day price performance is -10.43%, and it has moved by 2.88% in 30 days. Based on these gigs, the overall price performance for the year is 16.73%. The short interest in ACM Research Inc (NASDAQ:ACMR) is 4.59 million shares and it means that shorts have 2.68 day(s) to cover.
The consensus price target of analysts on Wall Street is $30, which implies an increase of 40.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $106 respectively. As a result, ACMR is trading at a discount of -493.51% off the target high and -0.78% off the low.
ACM Research Inc (ACMR) estimates and forecasts
Statistics show that ACM Research Inc has outperformed its competitors in share price, compared to the industry in which it operates. ACM Research Inc (ACMR) shares have gone down -41.79% during the last six months, with a year-to-date growth rate more than the industry average at 0.00% against -23.30.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 56.93%. While earnings are projected to return -1.05% in 2024, the next five years will return 42.74% per annum.
ACMR Dividends
ACM Research Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ACM Research Inc (NASDAQ:ACMR)’s Major holders
ACM Research Inc insiders own 16.88% of total outstanding shares while institutional holders control 61.00%, with the float percentage being 73.39%. BLACKROCK INC. is the largest shareholder of the company, while 282.0 institutions own stock in it. As of 2024-06-30, the company held over 4.07 million shares (or 6.6335% of all shares), a total value of $93.87 million in shares.
The next largest institutional holding, with 3.9 million shares, is of VANGUARD GROUP INC’s that is approximately 6.3623% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $90.04 million.
Also, the Mutual Funds coming in first place with the largest holdings of ACM Research Inc (ACMR) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.47 shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $26.18 million market value. The same data shows that the other fund manager holds slightly less at 1.12, or about 1.95% of the stock, which is worth about $20.02 million.
