According to the 15-minute chart of ACM Research, the Bollinger Bands are expanding upward, and a bullish Marubozu pattern was observed on October 1, 2022, at 12:00. This indicates that market trends are being driven by buyer activity, suggesting that buyers have control over the market and that bullish momentum is likely to continue.
In the latest trading session, ACM Research, Inc. (ACMR) demonstrated robust performance, rising by +2.3% to $38.64, which exceeded the S&P 500's gain of 0.26% and the Dow's rise of 0.15%. The technology-dominated Nasdaq also saw an increase of 0.48%
ACM Research, Inc. (ACMR) Outpaces Stock Market Gains: What You Should Know[1].
Prior to today's trading, ACMR shares had gained 33.84%, outpacing the Computer and Technology sector's 7.4% gain and the S&P 500's 2.87% increase. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 25.4% decrease from the same quarter last year. Meanwhile, the consensus estimate is calling for revenue of $252.86 million, up 23.96% from the prior-year quarter
ACM Research, Inc. (ACMR) Outpaces Stock Market Gains: What You Should Know[1].
Looking at the broader picture, the Zacks Consensus Estimates forecast earnings of $2 per share and revenue of $917.26 million for the entire year, indicating changes of -11.5% and +17.28%, respectively, compared to the previous year. The company currently has a Zacks Rank of #3 (Hold), which is a neutral rating. The Forward P/E ratio of 18.89 is in line with the industry average of 18.89
ACM Research, Inc. (ACMR) Outpaces Stock Market Gains: What You Should Know[1].
Technical analysis of ACM Research, Inc. indicates a bullish trend. The 15-minute chart shows that Bollinger Bands are expanding upward, and a bullish Marubozu pattern was observed on October 1, 2022, at 12:00. This pattern suggests that buyers have control over the market and that bullish momentum is likely to continue .
Investors should closely monitor ACM Research, Inc.'s upcoming earnings disclosure for any updates on its financial performance. Positive revisions in analyst estimates could signal increased confidence in the company's business performance and profit potential.
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