Aehr Test Systems (NASDAQ:AEHR) price is hovering lower on Monday, September 13, dropping -2.35% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $11.66, with intraday deals fluctuating between $10.13 and $12.41. The company’s 5Y monthly beta was ticking 1.46. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.41 and 52-week low of $1.15. The stock added 102.08% on its value in the past month.
Aehr Test Systems, which has a market valuation of $298.26 million, is expected to release its quarterly earnings report Sep 22, 2021 – Sep 27, 2021. Analysts tracking AEHR have forecast the quarterly EPS to shrink by -0.03 per share this quarter, while the same analysts predict the annual EPS to hit $0.05 for the year 2021 and up to $0.12 for 2023. In this case, analysts estimate an annual EPS growth of 135.70% for the year and 140.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $5.12 million, with the likely lows of $5.12 million and highs of $5.12 million. Staying with the analyst view, there is a consensus estimate of $28.42 million for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 71.20% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AEHR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned AEHR a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Aehr Test Systems (AEHR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AEHR’s price is at present 54.26% off the SMA20 and 93.43% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.32, with weekly volatility standing at 17.26%. The indicator jumps to 11.58% when calculated based on the past 30 days. Aehr Test Systems (NASDAQ:AEHR)’s beta value is holding at 1.42, while the average true range (ATR) indicator is currently reading 1.00. Considering analysts have assigned the stock a price target range of $12.00-$12.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $12.00. Based on this estimate, we see that today’s price at last check is roughly -5.36% off the estimated low and -5.36% off the forecast high. Investors will no doubt be excited to see the share price fall to $12.00, which is the median consensus price, and at that level AEHR would be -5.36% from recent price.
Turning out attention to how the Aehr Test Systems stock has performed in comparison to its peers in the industry, here’s what we find: AEHR’s stock is -2.35% on the day and 763.70% in the past 12 months, while FormFactor Inc. (FORM) traded 0.76% in the latest session and is positioned 75.30% up on its price 12 months ago. Another comparison is with Teradyne Inc. (TER) whose stock price is up 0.04% in the current trading session, and has flourished 63.27% over the past year. Also, inTEST Corporation (INTT) is currently showing up trend of 0.61% while its price kept floating at 185.78% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.12% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.44%.
An analysis of the Aehr Test Systems (NASDAQ:AEHR) stock in terms of its daily trading volume indicates that the 3-month average is 6.32 million.
Current records show that the company has 23.66M in outstanding shares. The insiders’ percentage holdings are 7.50% of outstanding shares while the percentage share held by institutions stands at 19.20%. But the 360.87% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.