More To Go Or Is It Over? – Aehr Test Systems (AEHR)

Aehr Test Systems (NASDAQ:AEHR) does about 834.64K shares in volume on a normal day but saw 1553904 shares change hands in Monday trading. The company now has a market cap of 370.05M USD. Its current market price is $12.80, marking an increase of 13.37% compared to the previous close of $11.29. The 52 week high reached by this stock is $54.10 whilst the lowest price level in 52 weeks is $9.83.

Aehr Test Systems (AEHR) has a 20-day trading average at $11.84 and the current price is -76.34% off the 52-week high compared with 30.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.72 and its 200-day simple moving average is $20.00. If we look at the stock’s price movements over the week, volatility stands at 6.61%, which decreases to 6.50% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.71 to suggest the stock is neutral.

The consensus objective for the share price is $12.00, suggesting that the stock has a potential downside of -6.67% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 26, 2024 when Craig Hallum downgraded the stock to “Hold” and issued a price target of $12.

Aehr Test Systems (AEHR) stock is up 14.59% over the week and 0.39% over the past month. Its price is -51.75% year-to-date and -66.48% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -6.67 percent from here.

The company has a return on investment of 16.67% and return on equity of 19.86%. The price to earnings ratio (P/E ratio) amounts to 24.71 while the forward price to earnings ratio is 24.15. The beta has a value of 2.08. Price to book ratio is 4.28 and price to sales ratio is 5.15.