ACM Research Inc (NASDAQ: ACMR) stock fell -1.39% on Friday to $17.68 against a previous-day closing price of $17.93. With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.3 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $18.18 whereas the lowest price it dropped to was $17.46. The 52-week range on ACMR shows that it touched its highest point at $21.07 and its lowest point at $6.91 during that stretch. It currently has a 1-year price target of $24.56. Beta for the stock currently stands at 1.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACMR was up-trending over the past week, with a rise of 3.82%, but this was up by 1.14% over a month. Three-month performance surged to 28.77% while six-month performance rose 81.71%. The stock gained 103.45% in the past year, while it has gained 129.31% so far this year. A look at the trailing 12-month EPS for ACMR yields 1.09 with Next year EPS estimates of 1.27. For the next quarter, that number is 0.14. This implies an EPS growth rate of 57.14% for this year and -2.92% for next year.
Float and Shares Shorts:
At present, 54.66 million ACMR shares are outstanding with a float of 44.96 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.94 million, which was 4.85% higher than short shares on Sep 28, 2023. In addition to ACHR as the firm’s Archer Aviation Inc., AMR serves as its Alpha Metallurgical Resources, .
Institutional Ownership:
Through their ownership of 55.94% of ACMR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.13% of ACMR, in contrast to 23.31% held by mutual funds. Shares owned by individuals account for 23.28%. As the largest shareholder in ACMR with 7.27% of the stake, The Vanguard Group, Inc. holds 3,998,064 shares worth 3,998,064. A second-largest stockholder of ACMR, BlackRock Fund Advisors, holds 3,096,164 shares, controlling over 5.63% of the firm’s shares. Bank of America, NA is the third largest shareholder in ACMR, holding 1,941,891 shares or 3.53% stake. With a 2.66% stake in ACMR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,463,522 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.02% of ACMR stock, is the second-largest Mutual Fund holder. It holds 1,110,144 shares valued at 15.1 million. Vanguard Information Technology I holds 1.68% of the stake in ACMR, owning 923,750 shares worth 12.56 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACMR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACMR analysts setting a high price target of $32.00 and a low target of $18.00, the average target price over the next 12 months is $24.56. Based on these targets, ACMR could surge 81.0% to reach the target high and rise by 1.81% to reach the target low. Reaching the average price target will result in a growth of 38.91% from current levels.
Summary of Insider Activity:
Insiders traded ACMR stock several times over the past three months with 4 Buys and 7 Sells. In these transactions, 315,000 shares were bought while 347,098 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 511,500 while 547,030 shares were sold.
