ACM Research Inc. (ACMR) may enjoy gains as insiders got busy in the recent days

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ACM Research Inc.’s recent filing unveils that its Director Dun Haiping unloaded Company’s shares for reported $0.59 million on Aug 22. In the deal valued at $16.10 per share,36,537 shares were sold. As a result of this transaction, Dun Haiping now holds 855,090 shares worth roughly $ 7.22 million.


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Then, Cheav Sotheara sold 10,000 shares, generating $175,000 in total proceeds. Upon selling the shares at $17.50, the insider now owns 110,002 shares.

Before that, Cheav Sotheara sold 15,000 shares. ACM Research Inc. shares valued at $267,096 were divested by the insider at a price of $17.81 per share. As a result of the transaction, Cheav Sotheara now holds 120,002 shares, worth roughly $1.01 million.

Jefferies upgraded its ACM Research Inc. [ACMR] rating to a Hold from a an Underperform in a research note published on Monday, November 07, 2022; the price target was decreased to $7 from $8. PT values the company’s stock at a premium of -20.57 to its Monday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal-weight”. Jefferies also remained covering ACMR and has decreased its forecast on October 11, 2022 with a “an Underperform” recommendation from previously “Buy” rating. Goldman revised its rating on May 09, 2022. It rated ACMR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ACMR

On Monday, ACM Research Inc. [NASDAQ:ACMR] saw its stock jump 27.69% to $8.44. On the same session, the stock had its day’s lowest price of $6.95, but rose to a high of $8.60. Over the last five days, the stock has gained 31.87%. ACM Research Inc. shares have fallen nearly -70.31% since the year began. Nevertheless, the stocks have fallen -75.34% over the past one year. While a 52-week high of $37.12 was reached on 01/05/22, a 52-week low of $5.46 was recorded on 10/24/22. SMA at 50 days reached $11.51, while 200 days put it at $16.92. A total of 2.75 million shares were traded, compared to the trading of 1.14 million shares in the previous session.

Levels Of Support And Resistance For ACMR Stock

The 24-hour chart illustrates a support level at 7.39, which if violated will result in even more drops to 6.35. On the upside, there is a resistance level at 9.04. A further resistance level may holdings at 9.65. The Relative Strength Index (RSI) on the 14-day chart is 49.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.10%. Stochastics %K at 54.30% indicates the stock is a holding.

How much short interest is there in ACM Research Inc.?

A steep rise in short interest was recorded in ACM Research Inc. stocks on Jul 14, 2022, growing by 3.56 million shares to a total of 7.84 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.28 million shares. There was a rise of 45.41%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.11.

ACM Research Inc. [ACMR] – Who Are The Largest Shareholders?

In filings from Yiheng Capital Management LP, it is revealed that the company now owns 5,266,800 shares, or roughly 9.72% of the outstanding ACMR shares. In other words, the investor’s shares have risen by 964,800 from its previous 13-F filing of 4302000.0. Additionally, Morgan Stanley & Co. LLC increased 8.32% of its stake after which the total value it holdings stand at $49,478,211, while BlackRock Fund Advisors added 354.20% of its stake to hold $34.16 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 158,933 shares of ACM Research Inc., while Goldman Sachs & Co. LLC bought 1,621,838 shares. At present, Indus Capital Partners LLC is holding 1,719,133 shares valued at $21.42 million. Green Court Capital Management Lt owned 1,454,655 shares of the company at the time of its most recent 13F filing, worth $18.13 million.

According to FactSet, ACM Research Inc.’s share price will average $15.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 126.93 percent from its previous closing price of $6.61. Analysts expect ACM Research Inc. stock to reach the higher price of $32.00, while the lowest price estimate is $7.00. However, 9 analysts have rated ACMR stock as an Overweight in their predictions for 2022.

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