ACM Research (ACMR) Projected to Post Quarterly Earnings on Wednesday

ACM Research (NASDAQ:ACMR - Get Free Report) is projected to announce its Q4 2024 earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $194.93 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

ACM Research Stock Performance

Shares of ACMR stock traded down $1.59 during trading hours on Thursday, reaching $26.10. The stock had a trading volume of 2,734,096 shares, compared to its average volume of 1,645,248. ACM Research has a twelve month low of $13.87 and a twelve month high of $34.40. The firm has a market capitalization of $1.50 billion, a PE ratio of 19.77 and a beta of 1.58. The firm has a 50-day simple moving average of $19.16 and a 200-day simple moving average of $18.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34.

Insiders Place Their Bets

In related news, insider Sotheara Cheav sold 22,598 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $23.00, for a total transaction of $519,754.00. Following the completion of the transaction, the insider now owns 100,002 shares in the company, valued at approximately $2,300,046. This represents a 18.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 31.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACMR shares. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday. Needham & Company LLC reaffirmed a "hold" rating on shares of ACM Research in a research report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.