ACM Research Inc (NASDAQ: ACMR) Up 5.99%: What Analysts Predict Now

ACM Research Inc (NASDAQ:ACMR) shares, rose in value on Thursday, April 04, with the stock price up by 5.99% to the previous day’s close as strong demand from buyers drove the stock to $33.08.

Actively observing the price movement in the recent trading, the stock is buoying the session at $31.21. The value of beta (5-year monthly) is 1.41 whereas the PE ratio is 28.41 over 12-month period. Referring to stock’s 52-week performance, its high was $34.40, and the low was $8.75. On the whole, ACMR has fluctuated by 13.21% over the past month.

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With the market capitalization of ACM Research Inc currently standing at about $2.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.34, which is expected to increase to $0.44 for fiscal year $1.46 and then to about $1.85 by fiscal year 2025. Data indicates that the EPS growth is expected to be -10.40% in 2025, while the next year’s EPS growth is forecast to be 26.70%.

Analysts have estimated the company’s revenue for the quarter at $152.41 million, with a low estimate of $114 million and a high estimate of $168.35 million. According to the average forecast, sales growth in current quarter could jump up 105.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $701.7 million, representing an increase of 25.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ACMR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.66, with the price of ACMR currently trading nearly 12.49% and 36.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.24, while the 7-day volatility ratio is showing 5.63% which for the 30-day chart, stands at 6.55%. Furthermore, ACM Research Inc (ACMR)’s beta value is 1.37, and its average true range (ATR) is 2.00.

A comparison of ACM Research Inc (ACMR) with its peers suggests the former has fared considerably weaker in the market. ACMR showed an intraday change of 5.99% in today’s session so far, and over the past year, it grew by 171.15%%.

Data on historical trading for ACM Research Inc (NASDAQ:ACMR) indicates that the trading volumes over the past 10 days have averaged 1.3 million and over the past 3 months, they’ve averaged 1.78 million. According to company’s latest data on outstanding shares, there are 56.04 million shares outstanding.

Nearly 24.77% of ACM Research Inc’s shares belong to company insiders and institutional investors own 54.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.25 million shares as on Mar 15, 2024, resulting in a short ratio of 1.28. According to the data, the short interest in ACM Research Inc (ACMR) stood at 5.31% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.61 million. The stock has risen by 69.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACMR stock heading into the next quarter.