ACM Research Inc. (ACMR): Look at its Technical Analysis


ACM Research Inc. (NASDAQ:ACMR) changes shares on Wednesday trading session, with a change of 2.78% or $1.72 shares. The trading starts at $61.60 and closed at $61.84 throughout the day. The trading session low price was $60.0201 and day high was $63.90 on Wednesday, June 24. After the session, the Technology sector daily volume shifted to 0.36 million while its average volume is 509.75K. In other hand, the ACMR market cap reached to $1.17B. While, its current target price is $63.56 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.55% and up 7.36% for month. Its quarterly performance was 129.46% above, while its half year performance is up 223.96%. ACMR yearly performance stood at positive 311.66% and rise 244.50% for year-to-date. Current recommendation for ACM Research Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ACMR EPS (TTM) for 12-month is 0.98. EPS for this year is 169.00%, while for the next year its value is 1.44. Sales growth for the current quarter is 3.24 while its EPS Q/Q reached 53.60%. It has an EPS of next five years will be up 20.00%.

Let’s take a look on the analyst recommendations on ACMR for the current month and previous month. For the current month, 6 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $50.00-$95.00. Average target price for ACMR was reached at $64.00.

Indus Capital Partners, LLC, Vanguard Group, Inc. (The) and Invesco Ltd. are the top three holders in ACM Research Inc. (ACMR) stock. On Mar 30, 2020, Indus Capital Partners, LLC has 1.23 million shares which valued 36.38 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 0.46 million shares which valued at 13.64 million. On Mar 30, 2020, Invesco Ltd. has a total of 0.24 million shares which valued at 7.13 million. In the end, Invesco Ltd. have 1.50% shares outstanding of ACM Research Inc. (ACMR) on Mar 30, 2020. The insider ownership moved to 1.50% and institutional holding shifted to 23.90%.

The company posted an EPS (TTM) of 0.98. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.18, while 0.26 EPS posted a year ago period. Analyst Estimated EPS for ACMR published in the report was 0.12-0.23 during the same period. Comparing with last year, the average estimated EPS was 0.26 which is higher than 0.11 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ACMR rise 112.78% for period of 200 days. SMA for 50 days was 24.87% which is showing green signal, while SMA-20 was 5.97%. The moving average value for ACM Research Inc. (ACMR) is 37.37 and 57.07 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ACMR stock. On Jun 15, McKechnie Mark, See remarks, sold 5,415 trading shares at the cost of $54.34, which valued at 0.29 million. On Jun 03, Hu Chenming, Director, sold 8,194 shares at the cost of $65.12, with total shares of 21,806.