In the last trading session, 2.2 million shares of the ACM Research Inc (NASDAQ:ACMR) were traded, and its beta was 1.46. Most recently the company’s share price was $14.89, and it changed around $0.79 or 5.60% from the last close, which brings the market valuation of the company to $984.78M. ACMR currently trades at a discount to its 52-week high of $34.40, offering almost -131.03% off that amount. The share price’s 52-week low was $13.87, which indicates that the current value has risen by an impressive 6.85% since then. We note from ACM Research Inc’s average daily trading volume that its 10-day average is 2.35 million shares, with the 3-month average coming to 1.50 million.

ACM Research Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended ACMR as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. ACM Research Inc is expected to report earnings per share of 0.31 for the current quarter.

ACM Research Inc (NASDAQ:ACMR) trade information

Instantly ACMR has showed a green trend with a performance of 5.60% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.24 on recent trading dayincreased the stock’s daily price by 13.63%. The company’s shares are currently down -23.80% year-to-date, but still down -13.38% over the last five days. On the other hand, ACM Research Inc (NASDAQ:ACMR) is -21.42% down in the 30-day period. We can see from the shorts that 3.99 million shares have been sold at a short interest cover period of 3.2 day(s).

The consensus price target as assigned by Wall Street analysts is $30, which translates to bulls needing to increase their stock price by 50.37% from its current value. Analyst projections state that ACMR is forecast to be at a low of $30 and a high of $30.

ACM Research Inc (ACMR) estimates and forecasts

ACM Research Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -33.56 percent over the past six months and at a 18.40% annual growth rate that is well above the industry average of -6.70%. The year-over-year growth rate is expected to be 32.68%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 181.15M in revenue for the current quarter. 5 analysts expect ACM Research Inc to make 168.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 170.32M and 152.19M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.36%. Forecasts for the next quarter put sales growth at 10.91%.

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 11.13% in 2024, but the outlook is positive 20.00% per year for the next five years.

ACMR Dividends

ACM Research Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 15.06% of ACM Research Inc shares, and 60.52% of them are in the hands of institutional investors. The stock currently has a share float of 71.25%. ACM Research Inc stock is held by 267.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.6335% of the shares, which is about 4.07 million shares worth $93.87 million.

VANGUARD GROUP INC, with 6.3623% or 3.9 million shares worth $90.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.