On Tuesday, ACM Research Inc (NASDAQ: ACMR) opened lower -4.58% from the last session ,before settling in for the closing price of $31.19. Price fluctuations for ACMR have ranged from $8.75 to $34.40 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 49.74% annually for the last half of the decade. Company’s average yearly earnings per share was noted -13.15% at the time writing. With a float of $45.96 million, this company’s outstanding shares have now reached $56.04 million.
In an organization with 1590 employees, it is important to assess its efficiency.
ACM Research Inc (ACMR) Insider Updates
A key investor’s attitude towards the stock of the Semiconductor Equipment & Materials industry is another important factor to consider. The insider ownership of ACM Research Inc is 24.77%, while institutional ownership is 54.43%. The most recent insider transaction that took place on Mar 14 ’24, was worth 2,405,050. In this transaction an insider of this company sold 87,089 shares at a rate of $27.62, taking the stock ownership to the 504,018 shares. Before that another transaction happened on Mar 14 ’24, when Company’s Director sold 19,434 for $27.70, making the entire transaction worth $538,376. This insider now owns 855,090 shares in total.
ACM Research Inc (ACMR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.43 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.17) by $0.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 42.74% during the next five years compared to 56.93% growth over the previous five years of trading.
ACM Research Inc (NASDAQ: ACMR) Trading Performance Indicators
Check out the current performance indicators for ACM Research Inc (ACMR). In the past quarter, the stock posted a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.16, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.86 in one year’s time.
Technical Analysis of ACM Research Inc (ACMR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.41 million. That was inferior than the volume of 1.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 54.22%. Additionally, its Average True Range was 2.15.
During the past 100 days, ACM Research Inc’s (ACMR) raw stochastic average was set at 75.23%, which indicates a significant increase from 40.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.41% in the past 14 days, which was lower than the 84.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.17, while its 200-day Moving Average is $18.63. However, in the short run, ACM Research Inc’s stock first resistance to watch stands at $31.26. Second resistance stands at $32.75. The third major resistance level sits at $33.81. If the price goes on to break the first support level at $28.71, it is likely to go to the next support level at $27.65. Assuming the price breaks the second support level, the third support level stands at $26.16.
ACM Research Inc (NASDAQ: ACMR) Key Stats
There are currently 56,073K shares outstanding in the company with a market cap of 1.82 billion. Presently, the company’s annual sales total 557,720 K according to its annual income of 77,350 K. Last quarter, the company’s sales amounted to 170,320 K and its income totaled 17,700 K.
