The stock of Aehr Test Systems (NASDAQ:AEHR) increased by $2.86 on Monday to $44.36, up 6.89 percent. The last five days have seen an average of 693,491 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $24.21. The average number of shares traded over the last 20 days was 835,458, while the average volume over the last 50 days totaled 1,211,091.
AEHR stock dropped -11.70% since last month. On 08/25/23, the company’s shares reached a one-month low of $38.86. The stock touched a high of $54.10 on 08/01/23, after rallying from a low of $13.00 in 52 weeks. The price of AEHR stock has risen by 120.70% or $24.21 this year, reaching a new high 27 times. Still, the stock price is down -18.00% 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 18 days ago on Aug 10. On Aug 10, VP of Engineering RICHMOND DONALD P. II sold 92 shares at $51.00 each. This transaction resulted in the insider making $4,692. On Aug 09, RICHMOND DONALD P. II sold 30,000 shares at a price of US$48.75. After the transaction, the insider now owns 138,734 shares. Director SCOTT GEOFFREY GATES had earlier sold 9,470 shares on Aug 03 for $50.20 a share. The transaction was completed for $475,394.
Valuation Metrics
Aehr Test Systems (AEHR) has a trailing price-to-earnings (P/E) ratio of 89.44. Beta for the stock is 2.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 19.02, the price-to-book (PB) ratio of 18.03, and the price-to-cash flow ratio of 1030.26.
Financial Health
For the three months ended May 30, Aehr Test Systems’s quick ratio was 5.90, while its current ratio was 8.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 50.40% percent. Aehr Test Systems’s operating margin stood at 18.60% for the same period. Based on annual data, it had gross profit of $23.66 million and revenue of $50.83 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AEHR’s return on assets (ROA) during the last 12 months has been 17.90%. There was a 18.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.70%.
Earnings Surprise
According to Aehr Test Systems’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $17.21 million, while revenues rose by 11.21% to $14.82 million. It was predicted that Aehr Test Systems’s quarterly earnings would be $0.23, but it ended up being $0.21, beating the consensus by 9.50%. EBITDA was $3.94 million for the quarter. At the end of Aehr Test Systems’s most recent quarter ended May 30, its liabilities totaled 15.76 million, while its total debt was $6.3 million. Equity owned by shareholders amounts to $28.34 million.
Technical Picture
Here’s a quick look at Aehr Test Systems’s (AEHR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 52.64%, suggesting the stock is Neutral, with a 63.98% historical volatility rate.
The stochastic %K and %D were 27.12% and 22.93% respectively, while the average true range (ATR) was 3.13. Based on the 14-day stochastic reading of 44.18%, the RSI (14) reading is 50.19%. On the 9-day MACD Oscillator, the stock is at 0.78, and the 14-day reading is at -0.96.
Analyst Ratings
In its analyst report released on October 17, 2022, William Blair began covering Aehr Test Systems (NASDAQ: AEHR). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Aehr Test Systems (AEHR) an Buy rating. AEHR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is AEHR’s price target for the next 12 months?
The current consensus forecast for the stock is between $60.00 and $60.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for Aehr Test Systems (AEHR) is $60.00.
