ACMR - Why ACM Research Keeps Sliding Even Though The Company Is Growing By Leaps And Bounds
- ACMR has once again shown how fast it can grow by tripling its earnings in Q1, although it did have some outside assistance in accomplishing the feat.
- ACMR has lost half its value in recent months and is down 21% YTD, trailing other WFE suppliers that have outperformed thanks to a booming WFE market.
- Multiples for ACMR are still on the high side compared to other companies in the WFE space, even after all the moves the stock has made.
- Fast growth could grind down due to U.S. trade restrictions, making the bull case for ACMR a more iffy proposition than it would have been otherwise.
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Why ACM Research Keeps Sliding Even Though The Company Is Growing By Leaps And Bounds