In the latest trading session, 3.28 million Aehr Test Systems (NASDAQ:AEHR) shares changed hands as the company’s beta touched 1.87. With the company’s most recent per share price at $11.90 changed hands at -$4.09 or -25.58% at last look, the market valuation stands at $352.61M. AEHR’s current price is a discount, trading about -80.17% off its 52-week high of $21.44. The share price had its 52-week low at $9.83, which suggests the last value was 17.39% up since then. When we look at Aehr Test Systems’s average trading volume, we note the 10-day average is 1.48 million shares, with the 3-month average coming to 1.30 million.
Analysts gave the Aehr Test Systems (AEHR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AEHR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Aehr Test Systems (NASDAQ:AEHR) trade information
Instantly AEHR was in red as seen in intraday trades today. With action -29.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.44%, with the 5-day performance at -29.38% in the red. However, in the 30-day time frame, Aehr Test Systems (NASDAQ:AEHR) is 0.08% up. Looking at the short shares, we see there were 6.48 million shares sold at short interest cover period of 4.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 52.4% from its recent market value. According to analyst projections, AEHR’s forecast low is 25 with 25 as the target high. To hit the forecast high, the stock’s price needs a -110.08% plunge from its current level, while the stock would need to soar -110.08% for it to hit the projected low.
Aehr Test Systems (AEHR) estimates and forecasts
Data shows that the Aehr Test Systems share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.57% over the past 6 months, a -74.38% in annual growth rate that is considerably lower than the industry average of 3.90%.
The 2025 estimates are for Aehr Test Systems earnings to decrease by -67.31%, but the outlook for the next 5-year period is at 20.00% per year.
AEHR Dividends
Aehr Test Systems is expected to release its next quarterly earnings report in February.
Aehr Test Systems (NASDAQ:AEHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.08% of Aehr Test Systems shares while 77.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.42%. There are 77.29% institutions holding the Aehr Test Systems stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.3065% of the shares, roughly 2.11 million AEHR shares worth $23.52 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.5947% or 1.9 million shares worth $21.26 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 860.41 shares estimated at $10.17 million under it, the former controlled 2.90% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.44% of the shares, roughly 721.93 shares worth around $8.53 million.
