Why there is no universal number
A 50%-margin product can profit at a 45% ACoS; a 20%-margin product loses money at 25%. The same ACoS is great for one seller and ruinous for another. That is why a flat "good ACoS" rule is meaningless without your margins.
Find your break-even ACoS
Your break-even ACoS equals your margin before ad spend, as a percentage of price. Work it out on the break-even ACoS calculator — stay below it and you profit, go above it and you lose on each advertised sale.
When a high ACoS is fine
During a launch, to defend a key keyword, or to win rank you will monetize through organic sales later, a temporarily high ACoS can be a deliberate investment. The key word is deliberate.
When a low ACoS is a problem
A very low ACoS can mean you are under-investing and leaving profitable sales on the table. The aim is the most total profit, not the smallest ACoS. AIAdKing optimizes toward the target you set rather than blindly minimizing.