Aehr Test Systems (NASDAQ:AEHR) does about 1.65M shares in volume on a normal day but saw 2929540 shares change hands in Monday trading. The company now has a market cap of 833.24M USD. Its current market price is $34.46, marking an increase of 8.03% compared to the previous close of $31.90. The 52 week high reached by this stock is $32.04 whilst the lowest price level in 52 weeks is $6.71. The script in recent trading has seen the stock touch a high of $34.98 and a low of $31.50.
Aehr Test Systems (AEHR) has a 20-day trading average at $24.55 and the current price is 7.55% off the 52-week high compared with 413.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.44 and its 200-day simple moving average is $15.31. If we look at the stock’s price movements over the week, volatility stands at 9.18%, which decreases to 9.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.38 to suggest the stock is overbought.
2 analysts observing the Aehr Test Systems (AEHR) stock have set the 12-month price targets for the company’s shares at between $45.00 and $45.00. The consensus objective for the share price is $45.00, suggesting that the stock has a potential upside of 23.42% over the period. The median price target is 23.42% away from the current levels at $45.00.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 43.77%, 42.47%, and 126.90% away from its SMA20, SMA50, and SMA200 respectively, with the AEHR price moving below the 50-day SMA on January 23. Aehr Test Systems (AEHR) stock is up 17.85% over the week and 53.16% over the past month. Its price is 71.44% year-to-date and 196.05% over the past year.
The stock last released its quarterly earnings report for quarter ended 8/30/2022, with the company’s earnings per share (EPS) of $0.05 above consensus estimates by $0.04. The company’s next earnings report is expected on 04/06/2023, with forecasts estimating quarterly EPS at $0.08 and $0.54 for whole year. AEHR’s earnings per share are forecast to grow by 28.60% this year and 63.00% over next year. Expected sales for next quarter are $19.01 million, which analysts say will come at $67.57 million for the current fiscal year and next year at $101.18 million. In addition, estimates put the company’s current quarterly revenue at an average of $12.78 million.
Its 12-month price target is $45.00. To reach the target analysts have set, the stock logically needs to grow 23.42 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $45.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $45.00.
Outstanding shares total 27.58M with insiders holding 8.21% of the shares and institutional holders owning 32.94% of the company’s common stock. The company has a return on investment of 18.40% and return on equity of 24.30%. The price to earnings ratio (P/E ratio) amounts to 80.33 while the forward price to earnings ratio is 31.19. The beta has a value of 1.88. Price to book ratio is 16.81 and price to sales ratio is 13.64.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Fidelity Small Cap Growth Fund, which sold off 159.0 shares to end up with 598,818 shares worth $12.04 million.