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Check This Aehr Test Systems (NASDAQ: AEHR) Analysis Before You Invest

Aehr Test Systems (NASDAQ:AEHR) traded at $34.46 at close of the session on Monday, 01/23/23, made an upward move of 8.03% on its previous day’s price.

Looking at the stock we see that its previous close was $31.90 and the beta (5Y monthly) reads 1.86 with the day’s price range being $31.50 – $34.98. The company has a trailing 12-month PE ratio of 80.33. In terms of its 52-week price range, AEHR has a high of $32.04 and a low of $6.71. The company’s stock has gained about 53.16% over that past 30 days.

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Aehr Test Systems has a market cap of $833.24 million and is expected to release its quarterly earnings report on Mar 29, 2023 – Apr 03, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.14, with the EPS growth for the year raised at $0.6 for 2023 and $1.1 for next year. These figures represent 42.90% and 83.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $16.04 million, with a low of $15.04 million and a high of $17.04 million. The median projection represents growth squeezing down to 5.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $65.17 million, or 28.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AEHR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Aehr Test Systems (AEHR) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the AEHR stock currently stands at 4.02, and the current price level is 43.77% off its SMA20 and 42.47% from its 50-day simple moving average. The RSI (14) is pointing at 72.38 while the volatility over the past week is 9.18% and jumps to 9.00% over the past one month. The beta value is 1.88, while the average true range (ATR) is currently pointing at 2.48. The average price target for the stock over the next 12 months is $45.00, with the estimates having a low of $45.00 and a high of $45.00. These price ends are -30.59% and -30.59% off the current price level respectively, although investors could be excited at the prospect of a -30.59% if the AEHR share price touches on the median price of $45.00.

Let’s briefly compare Aehr Test Systems (AEHR) stock to its peers. We find that current price change of 8.03% and 196.05% over the past 12 months for AEHR competes that of FormFactor Inc. (FORM), which has seen its stock price rise 8.17% in the last trading session and was -32.45% over the last one year. Another of its peers Teradyne Inc. (TER) has gained 6.12% previous session, and was -28.86% down over the past year, while inTEST Corporation (INTT) was also up 4.89% in the last session, while its price remained in the green at 16.37% over the same period. Aehr Test Systems has a P/E ratio of 80.33 compared to FormFactor Inc.’s 24.46 and Teradyne Inc.’s 23.33. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.

Coming back to Aehr Test Systems (NASDAQ:AEHR), we note that the average 3-month trading volume was 1.65 million, while that of the preceding 10-day period stands at 2.23 million. Current shares outstanding are 27.58 million.

The insiders hold 4.90% of the company’s shares while institutions hold 44.30%. The data shows that short shares as of Dec 29, 2022, stood at 4.58 million at a short ratio of 4.02. This represents a 16.65% short interest in shares outstanding on Dec 29, 2022. Shares short fall in December from the previous month at 4.82 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 71.44% up in year-to-date price movement.

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