ACM Research, Inc. (NASDAQ:ACMR) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 8.47% or 1.68 points higher from last closing price of $19.84, reaching $21.52 at last check. Any clue why there is so much of action in the ACMR stock? The share price has risen in 4 of the last 5 days and is up 109.28% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 694 shares, and in total 167094 shares valued at $3.596 million were seen changing hands compared with 166400 shares valued at $3.301 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the ACMR stock.
ACM Research, Inc. (ACMR) shares have notched a 3-month gain of about 109.28%, but has still advanced 82.35% year to date. By comparison, the stock added 64.1% over the past 12 months, while it jumped 27.51% over the 1 month. The company’s market cap is around $310.5M, with its short interest ratio standing at 2.3%.
In the current trading session for ACMR, the stock witnessed two major price actions, it rose to a high of $21.88 and was down as much as $19.4 at one point. The high recorded is very low when compared to their 52-week high which is $9.02. The 52-week high is now at 9 distance from current price. Their recent low of $20 represents a 141.69% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ACMR is $22.67, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of ACM Research, Inc. earned $0.33 per share in the trailing 12 months and has a P/E ratio of 65.21. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 22.41 and lower compared to the sector’s average of 990.09. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ACMR also has P/S multiple of 4.51. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.42x.
ACMR‘s last price was up 76.42% as compared to the average trading price of 50 days recorded at $12.2 while enlarging the period to 200 trading days, the average closing price was $15.63. At present, there are 15.65 million in the total number of common shares owned by the public and among those 4.34 million shares have been available to trade. The percentage of shares being held by the company management was 56.1% while institutions stake was 10.9%. The company has generated positive returns on equity over the last 12 months (16.1%). It managed to keep its gross profit margin at 46.2% over the past 12 months.
When assessing the full upside of the ACMR stock, there is another set of technicals that should be looked into and considered. Its 23.12% gain from moving average of $17.48 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of ACM Research, Inc. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $20.5 on shares of ACM Research, Inc. (NASDAQ:ACMR), which corresponds to 5.53% downside potential than its current market price of $21.52 and implies potential despite the recent advance in the price. However, their current target price has climbed from $17.75 a month ago and is up handily from the consensus target of $18.5 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded an increase of 20.9%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards ACMR stock. Charles Schwab Investment Management Inc. added position in the company after it grew 24.5% or 17,828 shares of its common stock. The hedge fund now owns 22,196 shares worth $477,658, SEC documents show. Northern Trust Corp shored up assets in the stock as 87385.69 shares have been purchased, increasing its stake by 0.6% to 87,910 shares which are currently valued at $1,891,823. In addition, Wells Fargo & Company MN recently reported that it now owns 4,533 shares making a total of $97,550 based on the recent price. This refelects a change of 25.9% in their ownership.