After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that ACM Research Updates 2023 Revenue Outlook and Provides Initial Outlook for 2024 Revenue.
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Stocks Info
The company is listed on the NASDAQ and operates within the Semiconductor Equipment & Materials industry segment. At the end of the last regular session, the stock closed at $21.00 and fluctuated between $22.31 as its day high and $20.87 as its day low. The current market capitalization of ACM Research Inc is $1.27B. A total of 1.52 million shares were traded on the day, compared to an average of 1.17M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ACMR has seen 4 BUY and 3 SELL insider trades, representing the acquisition of 241,000 and the disposition of 32,240 shares. Over the last 12 months, there were 15 BUYs and 21 SELLs from insiders. Insiders purchased 726,250 shares during that period but sold 553,020.
In the most recent transaction, McKechnie Mark sold 10,000 shares of ACMR for 22.00 per share on Jan 12. After the transaction, the insider now owns 900 company shares. In a previous transaction on Dec 26, Liu Tracy sold 10,000 shares at 20.00 per share. ACMR shares that Director owns now total 110,772.
Among the insiders who sold shares, Feng Lisa disposed of 7,500 shares on Dec 26 at a per-share price of $20.00. This resulted in the insider holding 50,001 shares of ACMR after the transaction. In another insider transaction, Wang David H sold 84,776 shares at $17.14 per share on Nov 29. Company shares held by the insider now total 504,018.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ACMR in the last 3 months, the mean price target is $26.30 with high estimates of $32.00 and low estimates of $22.10. In terms of 52-week highs and lows, ACMR has a high of $22.47 and a low of $8.75.
As of this writing, ACMR has an earnings estimate of $0.17 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ACMR’s latest balance sheet shows that the firm has $592.05M 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
