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ACMR - Why ACM Research Could Be Seen As A Long And Why Not
ACM Research Inc.
ACM Research (ACMR) is on a tear. The company seems to be a beneficiary of trade tensions. Business is booming as a result, which has helped the stock to surge by 421% in 2020. But, while the bull case looks solid, there may be another issue that could derail the rally. Why will be covered next in greater detail.
Q2 2020 earnings
Q2 revenue jumped by 34.6% YoY to $39M. Non-GAAP net income and EPS increased by 25.9% and 11.5% to $6.2M and $0.29, respectively. Note that the GAAP numbers in Q2 include a $5.4M