Aehr Test Systems (NASDAQ:AEHR) finished Wednesday with an addition of $1.04 to close at $48.76, an upside of 2.18 percent. An average of 755,923 shares of common stock have been traded in the last five days. There was a gain of $0.38 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 1,417,451 shares traded, while the 50-day average volume stands at 1,283,750.
AEHR stock has increased by 22.24% in the last month. The company shares reached their 1-month lowest point of $37.93 on 07/11/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $13.00 and a high of $54.10 in 52 weeks. It has reached a new high 27 times so far this year and achieved 142.59% or $29.16 in price. In spite of this, the price is down -9.87% from the 52-week high.
Insider Transactions
AEHR stock investors should be aware that Aehr Test Systems (AEHR) stock had its last reported insider trading activity 7 days ago on Aug 03. In this transaction, the insider spent $475,394. Director, SCOTT GEOFFREY GATES, disposed of 5,000 shares at a price of $52.26 on Aug 02. The insider now owns more than $261,300 worth of shares. Prior to that, Director OLIPHANT LAURA went on to Sale 1,008 shares at $52.50 each on Aug 01. An amount of $52,920 was transacted.
Valuation Metrics
Aehr Test Systems (AEHR) has a trailing price-to-earnings (P/E) ratio of 98.31. The stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 20.93, the price-to-book (PB) ratio at 19.82, and the price-to-cash flow ratio at 1133.67.
Financial Health
The quick ratio of Aehr Test Systems for the three months ended May 30 was 5.90, and the current ratio was 8.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending May 30. Its gross profit as reported stood at $23.66 million compared to revenue of $50.83 million.
Earnings Surprise
For the three-month period that ended May 30, Aehr Test Systems had $25.58 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.13 million in the quarter, while revenues of $3.73 million were grew 45.76%. The analyst consensus anticipated Aehr Test Systems’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.23, a 9.50% surprise. For the quarter, EBITDA amounted to $3.94 million. Shareholders own equity worth $28.34 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Aehr Test Systems (AEHR) price momentum. RSI 9-day as of the close on 09 August was 53.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.46%.
As of today, AEHR’s price is $48.53 +0.77% or $0.38 from its 5-day moving average. AEHR is currently trading +18.91% higher than its 20-day SMA and +52.76% higher than its 100-day SMA. However, the stock’s current price level is +44.01% above the SMA50 and +136.62% above the SMA200.
The stochastic %K and %D were 30.75% and 29.52%, respectively, and the average true range (ATR) was 3.29. With the 14-day stochastic at 41.82% and the average true range at 3.22, the RSI (14) stands at 55.22%. The stock has reached -1.37 on the 9-day MACD Oscillator while the 14-day reading was at -1.57.
Analyst Ratings
William Blair launched coverage on Aehr Test Systems (NASDAQ: AEHR) in its analyst report released on October 17, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Aehr Test Systems (AEHR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AEHR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is AEHR’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $60.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Aehr Test Systems (AEHR) stock is $60.00.
