ACM Research Inc (NASDAQ:ACMR)’s traded shares stood at 1.34 million during the latest session, with the company’s beta value hitting 1.45. At the last check today, the stock’s price was $15.06, to imply a decrease of -9.14% or -$1.51 in intraday trading. The ACMR share’s 52-week high remains $34.40, putting it -128.42% down since that peak but still an impressive 7.44% since price per share fell to its 52-week low of $13.94. The company has a valuation of $942.86M, with an average of 1.67 million shares in intraday trading volume over the past 10 days and average of 1.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for ACM Research Inc (ACMR), translating to a mean rating of 1.25. Of 19 analyst(s) looking at the stock, 2 analyst(s) give ACMR a Sell rating. 1 of those analysts rate the stock as Overweight while 1 advise Hold as 15 recommend it as a Buy.
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ACM Research Inc (NASDAQ:ACMR) trade information
After registering a -9.14% downside in the latest session, ACM Research Inc (ACMR) has traded red over the past five days. The 5-day price performance for the stock is -12.83%, and -17.19% over 30 days. With these gigs, the year-to-date price performance is -22.95%. Short interest in ACM Research Inc (NASDAQ:ACMR) saw shorts transact 3.99 million shares and set a 3.2 days time to cover.
The extremes give us $30 and $30 for target low and target high price respectively. As such, ACMR has been trading -99.2% off suggested target high and -99.2% from its likely low.
ACM Research Inc (ACMR) estimates and forecasts
Looking at statistics comparing ACM Research Inc share performance against respective industry, we note that the company has outperformed competitors. ACM Research Inc (ACMR) shares are -33.82% down over the last 6 months, with its year-to-date growth rate higher than industry average at 18.40% against -6.70%.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 56.93% for the past 5-year period. While 2024 is set for a 7.67% return in earnings, projections for the next 5 years are at 20.00% annually.
ACMR Dividends
ACM Research Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
ACM Research Inc (NASDAQ:ACMR)’s Major holders
ACM Research Inc insiders hold 15.06% of total outstanding shares, with institutional holders owning 60.52% of the shares at 71.25% float percentage. In total, 60.52% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 4.07 million shares (or 6.6335% of shares), all amounting to roughly $93.87 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 3.9 million shares, or about 6.3623% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $90.04 million.
