Aehr Test Systems (NASDAQ:AEHR) has a beta value of 2.04 and has seen 2.99 million shares traded in the last trading session. The company, currently valued at $306.58M, closed the last trade at $12.07 per share which meant it lost -$2.01 on the day or -14.28% during that session. The AEHR stock price is -152.69% off its 52-week high price of $30.50 and 18.56% above the 52-week low of $9.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.36 million shares traded. The 3-month trading volume is 1.15 million shares.
The consensus among analysts is that Aehr Test Systems (AEHR) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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Aehr Test Systems (NASDAQ:AEHR) trade information
Sporting -14.28% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AEHR stock price touched $12.07 or saw a rise of 27.72%. Year-to-date, Aehr Test Systems shares have moved -54.50%, while the 5-day performance has seen it change -28.83%. Over the past 30 days, the shares of Aehr Test Systems (NASDAQ:AEHR) have changed -0.98%. Short interest in the company has seen 5.43 million shares shorted with days to cover at 3.76.
Wall Street analysts have a consensus price target for the stock at $25, which means that the shares’ value could jump 51.72% from current levels. The projected low price target is $25.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -107.13% off the targeted high while a plunge would see the stock gain -107.13% from current levels.
Aehr Test Systems (AEHR) estimates and forecasts
Figures show that Aehr Test Systems shares have underperformed across the wider relevant industry. The company’s shares have gained 3.69% over the past 6 months, with this year growth rate of -74.38%, compared to 2.90% for the industry. Revenue growth from the last financial year stood is estimated to be 7.00%.
2 analysts offering their estimates for the company have set an average revenue estimate of 15.04M for the current quarter. 2 have an estimated revenue figure of 19.67M for the next ending quarter.
Earnings growth for 2024 is a modest -64.71% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
AEHR Dividends
Aehr Test Systems is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Aehr Test Systems (NASDAQ:AEHR)’s Major holders
Insiders own 5.69% of the company shares, while shares held by institutions stand at 66.57% with a share float percentage of 70.59%. Investors are also buoyed by the number of investors in a company, with Aehr Test Systems having a total of 175.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.11 million shares worth more than $23.52 million. As of 2024-06-30, VANGUARD GROUP INC held 7.2944% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 1.9 million shares as of 2024-06-30. The firm’s total holdings are worth over $21.26 million and represent 6.5947% of shares outstanding.
