The Potential Rise in the Price of ACM Research Inc. (ACMR) following insiders activity


ACM Research Inc.’s recently made public that its insider Wang David H unloaded Company’s shares for reported $1.5 million on Sep 13. In the deal valued at $17.68 per share,85,116 shares were sold. As a result of this transaction, Wang David H now holds 504,018 shares worth roughly $ 7.92 million.

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Then, Wang David H sold 90,000 shares, generating $1,625,165 in total proceeds. Upon selling the shares at $18.06, the insider now owns 589,134 shares.

Before that, McKechnie Mark sold 30,000 shares. ACM Research Inc. shares valued at $540,000 were divested by the insider at a price of $18.00 per share. As a result of the transaction, McKechnie Mark now holds 900 shares, worth roughly $14148.0.

Jefferies upgraded its ACM Research Inc. [ACMR] rating to a Buy from a an Underperform in a research note published on Monday, July 03, 2023; the price target was increased to $23.40 from $9. PT values the company’s stock at a premium of 32.82 to its Monday closing price.

Price Performance Review of ACMR

On Monday, ACM Research Inc. [NASDAQ:ACMR] saw its stock jump 1.29% to $15.72. On the same session, the stock had its day’s lowest price of $15.1632, but rose to a high of $15.9352. Over the last five days, the stock has lost -15.21%. ACM Research Inc. shares have risen nearly 103.89% since the year began. Nevertheless, the stocks have risen 0.26% over the past one year. While a 52-week high of $19.99 was reached on 09/06/23, a 52-week low of $5.46 was recorded on 05/04/23. SMA at 50 days reached $14.61, while 200 days put it at $11.72. A total of 0.73 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For ACMR Stock

The 24-hour chart illustrates a support level at 15.28, which if violated will result in even more drops to 14.83. On the upside, there is a resistance level at 16.05. A further resistance level may holdings at 16.38. The Relative Strength Index (RSI) on the 14-day chart is 46.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.61%. Stochastics %K at 19.95% indicates the stock is a buying.

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

A steep rise in short interest was recorded in ACM Research Inc. stocks on Aug 30, 2023, dropping by -0.16 million shares to a total of 1.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 1.96 million shares. There was a decline of -8.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.95.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,600,411 shares, or roughly 6.55% of the outstanding ACMR shares. In other words, the investor’s shares have risen by 894,201 from its previous 13-F filing of 2706210.0. Additionally, BlackRock Fund Advisors increased 6.96% of its stake after which the total value it holdings stand at $54,027,256. Over the last quarter, Citigroup Global Markets, Inc. purchased 15,908 shares of ACM Research Inc., while Pertento Partners LLP bought 268,828 shares. At present, JPMorgan Investment Management, I is holding 1,032,570 shares valued at $18.13 million. SSgA Funds Management, Inc. owned 951,102 shares of the company at the time of its most recent 13F filing, worth $16.7 million.

According to FactSet, ACM Research Inc.’s share price will average $23.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 54.64 percent from its previous closing price of $15.52. Analysts expect ACM Research Inc. stock to reach the higher price of $32.00, while the lowest price estimate is $15.00. However, 8 analysts have rated ACMR stock as a Buy in their predictions for 2023.


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