As of Wednesday close, Aehr Test Systems’s (NASDAQ:AEHR) stock was up $1.81, moving up 3.76 percent to $49.99. The average number of shares traded per day over the past five days has been 1,044,100 shares. 4 times new highs have been achieved over the past 5 days, with a $7.31 gain in that time frame. In the last twenty days, the average volume was 889,515, while in the previous 50 days, it was 1,234,694.
Since last month, AEHR stock retreated -6.89%. Shares of the company fell to $38.86 on 08/25/23, the lowest level in the past month. A 52-week high of $54.10 was reached on 08/01/23 after having rallying from a 52-week low of $13.00. Since the beginning of this year, AEHR’s stock price has risen by 148.71% or $29.89, and marked a new high 27 times. However, the stock has declined by -7.60% since its 52-week high.
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AEHR stock investors should be aware that Aehr Test Systems (AEHR) stock had its last reported insider trading activity 21 days ago on Aug 10. RICHMOND DONALD P. II, the VP of Engineering of the company, disposed of 92 shares for $51.00 on Aug 10. It resulted in a $4,692 divestment by the insider. RICHMOND DONALD P. II sold 30,000 shares at an average price of $48.75 on Aug 09. The insider now owns 138,734 shares following the transaction. On Aug 03, Director SCOTT GEOFFREY GATES sold 9,470 shares at $50.20 apiece. The transaction was valued at $475,394.
Valuation Metrics
Right now, Aehr Test Systems (AEHR) has a P/E ratio of about 100.79. The stock’s beta is 2.04. Besides these, the trailing price-to-sales (P/S) ratio of 21.43, the price-to-book (PB) ratio of 20.32, and the price-to-cash flow ratio of 1161.02 may also be considered.
Financial Health
In the three months ended May 30, Aehr Test Systems’s quick ratio stood at 5.90, while its current ratio was 8.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.40% percent. In the year ended May 30, operating margins totaled 18.60%. Based on annual data, AEHR earned $32.75 million in gross profit and brought in $64.96 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.40%. Return on equity (ROE) for the past 12 months was 21.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AEHR’s revenue rose 8.89% to $17.21 million during the quarter, while net income inched up to $22.27 million. While analysts expected Aehr Test Systems to report $0.21 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by 9.50%. During the quarter, the company generated $5.75 million in EBITDA. The liabilities of Aehr Test Systems were 22.54 million at the end of its most recent quarter ended May 30, and its total debt was $6.3 million. The value of shareholders’ equity is $28.75 million.
Technical Picture
This quick technical analysis looks at Aehr Test Systems’s (AEHR) price momentum. With a historical volatility rate of 56.80%, the RSI 9-day stood at 68.12% on 30 August.
With respect to its five-day moving average, the current Aehr Test Systems price is up by +17.13% percent or $7.31. At present, AEHR shares trade -0.12% below its 20-day simple moving average and +81.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.72% above its SMA50 and +113.09% above its SMA200.
Stochastic coefficient K was 70.50% and Stochastic coefficient D was 48.78%, while ATR was 3.44. Given the Stochastic reading of 89.26% for the 14-day period, the RSI (14) reading has been calculated as 61.56%. As of today, the MACD Oscillator reading stands at 4.33, while the 14-day reading stands at 4.28.
Analyst Ratings
William Blair launched its rating on Aehr Test Systems (NASDAQ: AEHR) to an Outperform in a note to investors on October 17, 2022. Aehr Test Systems (AEHR) has been rated Buy by analysts. According to 0 brokerage firms, AEHR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Aehr Test Systems stock as buy, with 2 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $60.00 – $60.00. Based on these forecasts, analysts predict Aehr Test Systems (AEHR) will achieve an average price target of $60.00.
