In the latest trading session,, 1.06 million ACM Research Inc (NASDAQ:ACMR) shares changed hands as the company’s beta touched 1.59. With the company’s most recent per share price at $17.05 changed hands at -$1.28 or -6.98% at last look, the market valuation stands at $1.08B. ACMR’s current price is a discount, trading about -85.92% off its 52-week high of $31.70. The share price had its 52-week low at $13.87, which suggests the last value was 18.65% up since then. When we look at ACM Research Inc’s average trading volume, we note the 10-day average is 2.0 million shares, with the 3-month average coming to 1.78 million.
Analysts gave the ACM Research Inc (ACMR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 2 out of 19 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended ACMR as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. ACM Research Inc’s EPS for the current quarter is expected to be 0.35.
ACM Research Inc (NASDAQ:ACMR) trade information
Instantly ACMR was in red as seen in intraday trades today. With action -27.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 12.92%, with the 5-day performance at -27.10% in the red. However, in the 30-day time frame, ACM Research Inc (NASDAQ:ACMR) is -36.89% down. Looking at the short shares, we see there were 3.54 million shares sold at short interest cover period of 1.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 14.75% from its recent market value. According to analyst projections, ACMR’s forecast low is 17.65 with 30 as the target high. To hit the forecast high, the stock’s price needs a -75.95% plunge from its current level, while the stock would need to soar -3.52% for it to hit the projected low.
ACM Research Inc (ACMR) estimates and forecasts
Year-over-year growth is forecast to reach 18.08% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 165.98M. 5 analysts are of the opinion that ACM Research Inc’s revenue for the current quarter will be 221.32M. The company’s revenue for the corresponding quarters a year ago was 152.19M and 202.48M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.06%. The estimates for the next quarter sales put growth at 9.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 36.00%. The 2025 estimates are for ACM Research Inc earnings to decrease by -7.21%, but the outlook for the next 5-year period is at 6.20% per year.
ACM Research Inc (NASDAQ:ACMR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.32% of ACM Research Inc shares while 69.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.55%. There are 69.06% institutions holding the ACM Research Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.5469% of the shares, roughly 4.07 million ACMR shares worth $93.87 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.3623% or 3.9 million shares worth $90.04 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 1.53 shares estimated at $26.33 million under it, the former controlled 2.64% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.25% of the shares, roughly 1.31 shares worth around $22.46 million.
