On Jan. 06, Liu Tracy divested U.S. $200,000 in shares of ACM Research Inc.. The Dir sold 2,000 shares at a price per share of $100.00. The transaction decreased this specific insider’s holdings to 40,924 shares worth around $4.25 million at present.
Jefferies launched its ACM Research Inc. [ACMR] rating to the equivalent of a Buy, in a research note dated October 27, 2020. Some new analysts also started their coverage, with Jefferies’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late October. Meanwhile, Stifel had raised its rating on ACMR to “Buy” from the earlier “Hold”, in a research note produced for clients September 11, 2020. In addition, there was a downgrade from Needham on September 08, 2020. The rater changed ACMR from “a Buy” to “a Hold”.
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Is ACM Research Inc. [NASDAQ:ACMR] a Good Buy Right Now?
It should be noted that ACMR technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 24% Buy in the last week and compares with 48% Buy in the past month. Data from ACM Research Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.35 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.3 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.33 million shares.
ACMR Price Performance
On Wall Street, ACM Research Inc. [NASDAQ:ACMR] finished Friday’s session up 3.50% at $103.76. The stock went up to $104.10 at the same session while its lowest single day price was $100.01. In the last five days, it saw a rise of about 27.70%, ACM Research Inc. shares gained by almost 27.70% since the beginning of the year. However, the share price has dropped to as low as -8.88% below its one year high. On 01/08/21, the company shares recorded $104.10, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $81.59. The company’s shares have inclined by 341.91% in the past year. The 50-day SMA achieved is $80.29 while the 200-day SMA is $70.35. Volume dropped to 0.49 million from 0.71 million in the previous session.
ACM Research Inc. [ACMR] Valuation Measures
Notably, ACM Research Inc. [ACMR] stock cannot be classified as a good candidate in the listing of underestimated low-priced Semiconductor Equipment & Materials companies to purchase soonest possible with the prevailing 12-month PE ratio of 154.87. The measure means the stock is exchanging at a premium as compared to the 33.16x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 13.64 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.66 which means ACMR serve an unattractive investment opportunity compared to its competitors.
ACMR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 101.15 level, and in case of violation of this particular level, it will cause more drop to 98.53 level. On the upper level, 106.71 is still the key resistance. The stock may increase to the subsequent resistance at 105.24. The Relative Strength Index (RSI) pinned on the 14-day chart is 76.07, implying a overbought technical stance while the MACD stands at 19.72, meaning price will increase in the next trading period. Percent R indicator moved to 0.90%, implying bullish price movement. Stochastic %K at 98.52% suggest selling the stock.
What is the short interest in ACM Research Inc.?
Short interest in the ACM Research Inc. stock has surged, increasing by 100000.0 shares to total 1.07 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.17 million, data from Yahoo Finance shows. The decrease of -9.35% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 8.37% of the overall float for the stock.
ACM Research Inc.’s Biggest Shareholders: Who Owns ACM Research Inc. [ACMR]?
Filings by Indus Capital Partners LLC showed that the firm now holds a total of 1,131,216 shares or roughly 6.79% of the outstanding ACMR shares. This means their shares have increased by 73,362 from the 1,131,216 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, GIC Pte Ltd. updated stake is worth $69,468,135. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -0.19% stake valued at $41,157,401 while BlackRock Advisors LLC cut theirs at $23,025,864. During the last quarter, The Vanguard Group, Inc. liquidated -964 of its shares in ACM Research Inc. The Discovery Capital Management LLC’s holdings currently number 239,902 shares at $24892231.52. According to the firm’s last 13F report, Wellington Management Co. LLP shares in the company at filing stood at 217,058 shares, roughly $17,933,332.
ACMR Earnings Forecast For The Current Quarter
ACM Research Inc. [ACMR] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $42.15M and an earnings per share of $0.27 for Dec 2020. Looking further ahead, the company is expected to report revenue of $43.98M at an EPS of $0.29 for Mar 2021. The estimates represent upside of 41.90% and 55.48% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ACMR Earnings Estimates For The Current Year
For the financial year, ACM Research Inc. [NASDAQ:ACMR] is expected to bring in revenue of $152.76M. The returns are nearly $45.24 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.08, lower than that of FY19 by -$0.09. Estimates put this year’s earnings growth at -7.70%, 54.60% for the next, and at an annual 20.00% over the next 5-year period. As for sales, forecasts are for an increase of 42.10% in the current fiscal year and a further 41.90% over the following year.
What are analyst thoughts on ACM Research Inc.?
Looking forward to the ACM Research Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for ACM Research Inc. stock at $125.00 within the next 12 months, which represents almost 16.99 per cent growth from its previous closing price of $103.76. The highest analysts’ target for ACM Research Inc. stock projections is $134.00 and the lowest one is $107.00. Still, 9 analysts sharing their consensus rating for ACMR stock in 2021 agree that it is a Buy.