Down -15.63% in 4 Weeks, Here's Why You Should You Buy the Dip in ACM Research (ACMR)

Group 1 - ACM Research, Inc. (ACMR) has experienced significant selling pressure, resulting in a 15.6% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by a Relative Strength Index (RSI) reading of 27.96, suggesting a potential trend reversal [5][7] - There has been a 21.7% increase in consensus EPS estimates over the last 30 days among sell-side analysts, indicating a positive outlook for the company's earnings [7] Group 2 - ACMR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [8]