ACMR Stock Summary and Trading Ideas (Acm Research - Class A | NASDAQ:ACMR)

ACM Research Inc is an us-based company. It is engaged in developing, manufacturing, and selling single-wafer wet cleaning equipment, which is used by semiconductor manufacturers in numerous manufacturing steps to remove particles, contaminants, and other random defects to improve product yield, in fabricating integrated circuits, or chips. The company offers space alternated phase shift which employs alternating phases of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces on a microscopic level; and Timely Energized Bubble Oscillation technology which provides effective, damage-free cleaning for both conventional two and three-dimensional patterned wafers at process nodes.

Acm Research - Class A trades on the NASDAQ stock market under the symbol ACMR.

As of March 27, 2023, ACMR stock price declined to $11.10 with 157,520 million shares trading.

ACMR has a beta of 1.46, meaning it tends to be more sensitive to market movements. ACMR has a correlation of 0.15 to the broad based SPY ETF.

ACMR has a market cap of $660.01 million. This is considered a Small Cap stock.

Last quarter Acm Research - Class A reported $109 million in Revenue and $.19 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.05.

In the last 3 years, ACMR stock traded as high as $48.27 and as low as $5.46.

The top ETF exchange traded funds that ACMR belongs to (by Net Assets): VTI, IWM, VXF, IWN, VGT.

ACMR has underperformed the market in the last year with a price return of -49.1% while the SPY ETF lost -10.5%. However, in the short term, ACMR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +47.6% vs +4.0% return in SPY. But in the last 2 weeks, ACMR shares have been beat by the market, returning -5.5% compared to an SPY return of +3.2%.

ACMR support price is $10.69 and resistance is $11.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACMR stock will trade within this expected range on the day.