In the last trading session, 1.93 million shares of the Aehr Test Systems (NASDAQ:AEHR) were traded, and its beta was 2.04. Most recently the company’s share price was $16.96, and it changed around $1.39 or 8.93% from the last close, which brings the market valuation of the company to $502.52M. AEHR currently trades at a discount to its 52-week high of $32.75, offering almost -93.1% off that amount. The share price’s 52-week low was $9.83, which indicates that the current value has risen by an impressive 42.04% since then. We note from Aehr Test Systems’s average daily trading volume that its 10-day average is 1.6 million shares, with the 3-month average coming to 1.18 million.

Aehr Test Systems stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended AEHR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Aehr Test Systems is expected to report earnings per share of 0.03 for the current quarter.

Aehr Test Systems (NASDAQ:AEHR) trade information

Instantly AEHR has showed a green trend with a performance of 8.93% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 17.41 on recent trading dayincreased the stock’s daily price by 2.58%. The company’s shares are currently down -36.07% year-to-date, but still up 8.16% over the last five days. On the other hand, Aehr Test Systems (NASDAQ:AEHR) is 29.17% up in the 30-day period. We can see from the shorts that 5.43 million shares have been sold at a short interest cover period of 3.76 day(s).

The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 32.16% from its current value. Analyst projections state that AEHR is forecast to be at a low of $25 and a high of $25.

Aehr Test Systems (AEHR) estimates and forecasts

Aehr Test Systems share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 47.86 percent over the past six months and at a -74.38% annual growth rate that is well below the industry average of -2.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -87.00% in revenue this quarter, and will report an increase of 333.30% in the next quarter. The year-over-year growth rate is expected to be 7.00%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 15.03M in revenue for the current quarter. 2 analysts expect Aehr Test Systems to make 19.67M in revenue for the current ending quarter.

Aehr Test Systems earnings are expected to increase by -64.71% in 2024, but the outlook is positive 20.00% per year for the next five years.

AEHR Dividends

Aehr Test Systems’s next quarterly earnings report is expected to be released in November.

Aehr Test Systems (NASDAQ:AEHR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.65% of Aehr Test Systems shares, and 66.36% of them are in the hands of institutional investors. The stock currently has a share float of 70.33%. Aehr Test Systems stock is held by 176.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.2944% of the shares, which is about 2.11 million shares worth $23.52 million.

BLACKROCK INC., with 6.5947% or 1.9 million shares worth $21.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.