ACM Research Inc (NASDAQ:ACMR) currently has a daily average trading volume of 1.42M but it saw 1013101 shares traded in last market. With a market cap of 1.19B USD, the company’s current market price of $19.08 came falling about -1.80 while comparing to the previous closing price of $19.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.40 and as low as $12.53. In the recent trading on the day, stock has struck highest price mark of $18.86 while lowest mark touched by it was $19.69.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which upgraded the stock as “Buy” in its note to investors issued on February 29, 2024, recommending a price target of $39 for it. Jefferies upgraded its recommendation for the stock as a “Buy” from “Underperform” on July 03, 2023 while assigning a price target range of $9-$23.40.
Over the week, ACMR’s stock price is moving -1.95% down while it is 4.84% when we observe its performance for the past one month. Year-to-date it is -2.35% down and over the past year, the stock is showing an upside performance of 5.47%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.57 beat the consensus estimate of 0.34 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0.37 while estimate for next year EPS is 1.79. In next quarter, company is expected to be making quarterly sales of $182.3M as analysts are expecting the sales for current fiscal year at $728.43M and seeing the company making $887.44M in sales next year. Moreover, analysts are in estimates of $191.18M for current-quarter revenue.
Currently, ACM Research Inc’s total number of outstanding shares is 56.04M. Company’s return on investment (ROI) stands at 9.37% and return on equity (ROE) at 11.15%. It has a price to earnings ratio (P/E ratio) of 15.18 while having a 10.42 of forward P/E ratio. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 1.43 while price to sale or P/S ratio amounts to 1.72. Its return on asset (ROA) is 5.70% on average.
