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The 3 Most Undervalued Value Stocks to Buy in June 2024
Investor Place· 2024-06-05 11:10
When it comes to the stock market, volatility is its middle name, which makes it relevant to invest in undervalued value stocks. A margin of safety is key, especially when we’re dealing with uncertainty in financial markets. Though recent inflation and job growth data hint at possible interest rate cuts later this year, predicting outcomes based on the Federal Reserve’s track record is challenging. Hence, it becomes imperative for investors to invest in undervalued opportunities with a discerning eye to mak ...
Hypergrowth Hits: 3 Stocks Clocking Triple-Digit Gains with No End in Sight
investorplace.com· 2024-05-30 10:11
Hypergrowth stocks are the holy grail of traders and growth investors. These stocks can multiply a small position by two, five, 10 times, or more. In many cases, analysts like to project what stocks they believe can deliver this kind of market-beating performance in the future. However, this article analyzes three stocks that have posted a 100% or higher increase in share price over the last 12 months. Past results don’t always equate to future performance. And it’s fair to note that many hypergrowth stocks ...
3 Top Stocks That Could Multiply Your $10K Investment Tenfold
investorplace.com· 2024-05-27 20:00
These three 10x stocks can increase an investment of $10K to $100K. These businesses may grow substantially because of their creative solutions in industries with strong demand and smart market positioning. The first one is leading the way in digital identity and fraud prevention. The company’s income has grown steadily due to the rising need for safe digital identification products, such as its biometric authentication solutions. Meanwhile, our second stock option works in equipment and materials for the s ...
7 Stocks to Dominate in the Next Economic Upturn
investorplace.com· 2024-05-24 13:28
Core Insights - The article identifies seven stocks with strong growth potential for the upcoming economic upturn, emphasizing their tactical advantages in their respective industries. Group 1: SoFi (SOFI) - In Q1 2024, SoFi's adjusted net revenue increased by 26% year-over-year to $581 million, marking the 12th consecutive quarter of over 25% growth [3] - The financial services and technology platforms sectors contributed 42% to adjusted net revenue in Q1, up from previous quarters, indicating a strategic shift towards balanced revenue distribution [3] - SoFi's adjusted EBITDA reached $144 million, a 91% year-over-year increase, with the EBITDA margin rising to 25% from 16% in Q1 2023, showcasing improved operational scalability [4] Group 2: AMD (AMD) - AMD's Data Center division achieved record sales of $2.3 billion in Q1 2024, reflecting an 80% year-over-year growth driven by GPU and server CPU sales [6] - The client segment saw an 85% year-over-year increase in sales, attributed to the latest generation of Ryzen processors, indicating strong demand and successful product strategies [6] Group 3: NVIDIA (NVDA) - NVIDIA's Data Center segment reported record sales of $22.6 billion in Q1 2024, a 427% year-over-year increase, primarily due to the deployment of the Nvidia Hopper GPU computing platform [7] - Partnerships with major companies like Meta highlight NVIDIA's role in advancing AI infrastructure, with significant investments in AI-driven features [7][8] Group 4: Intel (INTC) - Intel is positioned for growth due to its leadership in technology and the anticipated demand for AI PCs, supported by the upcoming release of its 18A products [9][10] - The company expects growth in both EPS and sales for 2024, with a quarterly dividend announcement boosting investor confidence [10] Group 5: ACM Research (ACMR) - ACM Research reported $288 million in cash and time deposits in Q1 2024, enhancing its ability to manage operational risks and pursue growth opportunities [11] - Operating income increased significantly to $39.8 million, with an operating margin rise from 14.7% to 26.2%, indicating effective revenue conversion into profitability [11][12] Group 6: Hims & Hers (HIMS) - Hims & Hers improved marketing efficiency, with marketing costs as a percentage of sales rising to 47% in Q1 2024, reflecting better targeting strategies [14] - The company projects sales of $292 million to $297 million for Q2 2024, with a full-year sales estimate of $1.2 billion to $1.23 billion, indicating strong growth prospects [14][15] Group 7: Block (SQ) - Block's profitability improved due to strategic efficiency and cost control, with a focus on high-yield investments in marketing and sales [16] - The company revised its guidance to include a gross profit of at least $8.78 billion, reflecting a 17% year-over-year increase, and a minimum of $1.3 billion in adjusted operating income [17]
3 Small-Cap Stocks Targeting 500% Upside by 2030
investorplace.com· 2024-05-24 10:00
Group 1: Small-Cap Stocks Overview - Small-cap stocks present significant upside potential despite their volatility and lack of earnings, as they focus on business expansion [1] - The uncertainty surrounding small-cap stocks results in lower share prices, but successful companies can experience tremendous growth [1] Group 2: ACM Research (ACMR) - ACM Research, based in Fremont, California, specializes in semiconductor equipment, particularly single-wafer wet cleaning equipment [2] - The global wafer cleaning equipment market was valued at $4.23 billion in the previous year and is projected to grow to $5.77 billion by 2030, with a CAGR of 4.5% [2] - ACM reported a net income of $87.64 million on revenue of $635.66 million in the last 12 months, with a quarterly revenue growth rate of 105% [2][3] Group 3: IonQ (IONQ) - IonQ, located in College Park, Maryland, develops general-purpose quantum computing systems and has a market cap of less than $2 billion [5] - The quantum computing market is expected to reach $6.5 billion by 2028, with a CAGR of 48.1% from 2023 [5] - IonQ incurred a net loss of $170 million on revenue of $25.34 million over the trailing 12 months, but its quarterly revenue growth rate is 76.9% [6] Group 4: AST SpaceMobile (ASTS) - AST SpaceMobile, headquartered in Midland, Texas, focuses on space-based cellular broadband networks for smartphones [7] - The company reported a net loss of $90.97 million on revenue of only $500,000 over the past 12 months, with shares trading at 877X trailing-year sales [7][8] - For fiscal 2024, analysts expect a loss per share of 76 cents and sales to potentially reach $55.23 million, with a target of $113 million [8]
ACM Research to Participate in Upcoming Investor Conferences
Newsfilter· 2024-05-22 20:05
Company Participation in Investor Conferences - ACM Research, Inc. will participate in the Craig-Hallum 21st Annual Institutional Investor Conference on May 29th in Minneapolis [1] - The company will also attend the ROTH 10th Annual London Conference on June 26th in London [1] - Management will be available for meetings with institutional investors at both events [1] Company Overview - ACM develops, manufactures, and sells semiconductor process equipment for various applications including single-wafer or batch wet cleaning, electroplating, stress-free polishing, and thermal processes [2] - The company focuses on delivering customized, high-performance, and cost-effective process solutions to improve productivity and product yield for semiconductor manufacturers [2]
3 Cheap Mid-Cap Stocks That Will Make Early Investors Filthy Rich
investorplace.com· 2024-05-18 10:17
Core Insights - Mid-cap stocks, valued between $2 billion and $10 billion, present significant growth potential and affordability for investors seeking long-term wealth [1] Group 1: Sterling Infrastructure (STRL) - Sterling Infrastructure specializes in transportation, civil construction, and e-infrastructure solutions, with a robust backlog and diversified project portfolio [2] - The company reported a 9% year-over-year increase in revenue to $440 million in Q1 FY24, with EPS rising by 56% to $1.00 per share and cash flow from operations at $50 million [3] - Their backlog reached a record $2.35 billion, driven by strong demand in data center and aviation markets, positioning STRL for continued growth in 2024 [3] Group 2: Science Applications International (SAIC) - SAIC has shown considerable growth, with a 334% return to shareholders over the last decade, outperforming the S&P 500 [5] - In FY24, revenue decreased by 3% year-over-year to $7.4 billion, but EPS increased by 65% to $8.88 per share, with a backlog of $22.8 billion [5] - The updated FY25 guidance reflects higher revenue and free cash flow generation, indicating strong future growth potential [4] Group 3: ACM Research (ACMR) - ACM Research is a leading provider of semiconductor cleaning equipment, benefiting from the rapid growth of the global semiconductor industry [6] - The company reported a more than doubled revenue year-over-year to $152 million in Q1 FY24, with EPS increasing by 136% to 26 cents per share [7] - Total shipments in Q1 FY24 were up 175%, driven by an expansion in product offerings, indicating a strong outlook for 2024 [7]
Is It Worth Investing in ACM Research (ACMR) Based on Wall Street's Bullish Views?
zacks.com· 2024-05-16 14:30
Group 1: Brokerage Recommendations - ACM Research, Inc. (ACMR) has an average brokerage recommendation (ABR) of 1.17, indicating a consensus between Strong Buy and Buy [1] - Out of six recommendations, five are Strong Buy (83.3%) and one is Buy (16.7%) [1] - Despite the positive ABR, studies suggest limited success of brokerage recommendations in guiding investors towards stocks with the best price increase potential [2][5] Group 2: Zacks Rank vs. ABR - Zacks Rank is a proprietary stock rating tool that categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) based on earnings estimate revisions, while ABR is based solely on brokerage recommendations [4] - The Zacks Rank is timely and reflects changes in earnings estimates quickly, unlike the ABR which may not be up-to-date [6] - The Zacks Rank for ACMR is 3 (Hold), indicating a cautious outlook despite the Buy-equivalent ABR [7] Group 3: Earnings Estimates - The Zacks Consensus Estimate for ACMR's current year earnings remains unchanged at $1.62 over the past month [7] - Steady views on earnings prospects suggest that ACMR may perform in line with the broader market in the near term [7]
Investors Heavily Search ACM Research, Inc. (ACMR): Here is What You Need to Know
Zacks Investment Research· 2024-05-14 14:05
Core Viewpoint - ACM Research, Inc. (ACMR) has experienced a significant decline in stock performance recently, with shares returning -18.4% over the past month, contrasting with the S&P 500's +2% and the semiconductor equipment industry's -16.9% [1] Earnings Estimates Revisions - The expected earnings for ACM Research for the current quarter is $0.37 per share, reflecting a year-over-year decrease of -22.9%, with a 10% downward revision in the Zacks Consensus Estimate over the last 30 days [2] - The consensus earnings estimate for the current fiscal year stands at $1.62, indicating a slight year-over-year decline of -0.6%, while the next fiscal year's estimate of $2.25 shows a significant increase of +38.9% [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $164.08 million, representing a year-over-year increase of +13.5%, with future estimates of $698.4 million and $884.31 million for the current and next fiscal years, indicating growth rates of +25.2% and +26.6%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, ACM Research achieved revenues of $152.19 million, a year-over-year increase of +104.9%, and an EPS of $0.52 compared to $0.15 a year ago [6] - The company exceeded the Zacks Consensus Estimate for revenues by +0.79% and for EPS by +67.74%, consistently beating consensus estimates in the past four quarters [6] Valuation - ACM Research's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing whether the stock is fairly valued compared to its historical values and peers [7] - The Zacks Value Style Score for ACM Research is graded C, indicating that it is trading at par with its peers [9]
ACM Research: The Road To $1B Revenue
Seeking Alpha· 2024-05-11 12:35
PonyWang Solid Q1 Earnings ACM Research (NASDAQ:ACMR) reported a strong Q1 quarter with both top and bottom-line beat. The company reported revenue of $170.5 million, a 103% YoY increase, beating consensus by $0.52 million. Company also maintained its FY2024 guidance of $650 - $725 million. However, market reacted negatively to the results as it was expecting a raise to the guidance. See below the results: Q1 Results (Seeking Alpha)We have issued two multiple bullish calls on ACM Research since the last ...