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Wednesday, December 6, 2023

ACM Research Inc (ACMR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for ACM Research Inc (ACMR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.27, or -1.57%, to $16.96. The ACM Research Inc has recorded 10,916 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that ACM Research to Participate in Upcoming Investor Conferences.

Stocks Info

This NASDAQ-listed company operates within the Semiconductor Equipment & Materials industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $17.23 and fluctuated between $17.42 as its day high and $16.51 as its day low. The current market capitalization of ACM Research Inc is $1.03B. A total of 0.93 million shares were traded on the day, compared to an average of 1.28M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ACMR has seen 4 BUY and 7 SELL insider trades, representing the acquisition of 315,000 and the disposition of 347,098 shares. Over the last 12 months, there were 12 BUYs and 20 SELLs from insiders. Insiders purchased 549,000 shares during that period but sold 549,000.

In the most recent transaction, McKechnie Mark sold 11,250 shares of ACMR for 20.00 per share on Oct 11. After the transaction, the insider now owns 900 company shares. In a previous transaction on Sep 13, Wang David H sold 85,116 shares at 17.68 per share. ACMR shares that the insider owns now total 504,018.

Among the insiders who sold shares, Wang David H disposed of 90,000 shares on Sep 12 at a per-share price of $18.06. This resulted in the insider holding 589,134 shares of ACMR after the transaction. In another insider transaction, McKechnie Mark sold 30,000 shares at $18.00 per share on Sep 01. Company shares held by the insider now total 900.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ACMR in the last 3 months, the mean price target is $24.29 with high estimates of $32.00 and low estimates of $17.30. In terms of 52-week highs and lows, ACMR has a high of $21.07 and a low of $6.91.

As of this writing, ACMR has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.06. The company reported an EPS of $0.48 in the last quarter, which was 300.00% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ACMR’s latest balance sheet shows that the firm has $592.57M in Cash & Short Term Investments as of fiscal 2021. There were $39.14M in debt and $205.94M in liabilities at the time. Its Book Value Per Share was $12.03, while its Total Shareholder’s Equity was $811.66M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACMR is Buy with a score of 4.50.

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