A new trading day began on November 20, 2023, with ACM Research Inc (NASDAQ: ACMR) stock priced at $17.68, up 5.54% from the previous day of trading. During the day, the shares moved up to $18.7225 and dropped to $17.68 before settling in for the closing price of $17.68. ACMR’s price has ranged from $6.91 to $21.07 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 61.94%. Meanwhile, its annual earnings per share averaged 57.14%. With a float of $44.76 million, this company’s outstanding shares have now reached $54.66 million.
The extent of productivity of a business whose workforce counts for 1209 workers is very important to gauge. In terms of profitability, gross margin is +47.22, operating margin of +15.18, and the pretax margin is +17.32.
ACM Research Inc (ACMR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductor Equipment & Materials Industry. The insider ownership of ACM Research Inc is 25.44%, while institutional ownership is 52.04%. The most recent insider transaction that took place on Nov 13, was worth 436,540. In this transaction an insider of this company sold 26,000 shares at a rate of $16.79, taking the stock ownership to the 110,002 shares. Before that another transaction happened on Oct 11, when Company’s insider sold 11,250 for $20.00, making the entire transaction worth $225,000. This insider now owns 900 shares in total.
ACM Research Inc (ACMR) Performance Highlights and Predictions
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.57 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +10.10 while generating a return on equity of 5.81. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.14% per share during the next fiscal year.
ACM Research Inc (NASDAQ: ACMR) Trading Performance Indicators
Here are ACM Research Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.09, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 1.27 in one year’s time.
Technical Analysis of ACM Research Inc (ACMR)
The latest stats from [ACM Research Inc, ACMR] show that its last 5-days average volume of 0.82 million was inferior to 0.89 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 88.21%. Additionally, its Average True Range was 1.26.
During the past 100 days, ACM Research Inc’s (ACMR) raw stochastic average was set at 73.96%, which indicates a significant decrease from 98.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.56% in the past 14 days, which was lower than the 79.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.17, while its 200-day Moving Average is $13.39. Now, the first resistance to watch is $19.03. This is followed by the second major resistance level at $19.40. The third major resistance level sits at $20.07. If the price goes on to break the first support level at $17.99, it is likely to go to the next support level at $17.31. Assuming the price breaks the second support level, the third support level stands at $16.94.
ACM Research Inc (NASDAQ: ACMR) Key Stats
With a market capitalization of 1.12 billion, the company has a total of 55,586K Shares Outstanding. Currently, annual sales are 388,830 K while annual income is 39,260 K. The company’s previous quarter sales were 168,570 K while its latest quarter income was 25,680 K.