How does Aehr Test Systems (AEHR) change from a tortoise to a hare?

Aehr Test Systems (NASDAQ: AEHR) stock jumped 0.46% on Friday to $15.36 against a previous-day closing price of $15.29. With 1.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.12 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $16.57 whereas the lowest price it dropped to was $14.84. The 52-week range on AEHR shows that it touched its highest point at $27.09 and its lowest point at $6.71 during that stretch. It currently has a 1-year price target of $31.00. Beta for the stock currently stands at 1.53.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AEHR was down-trending over the past week, with a drop of -7.13%, but this was down by -12.48% over a month. Three-month performance surged to 100.26% while six-month performance rose 40.66%. The stock gained 37.76% in the past year, while it has lost -36.48% so far this year. A look at the trailing 12-month EPS for AEHR yields 0.33 with Next year EPS estimates of 1.04. For the next quarter, that number is 0.01. This implies an EPS growth rate of 493.80% for this year and 100.00% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.40%.

Float and Shares Shorts:

At present, 27.00 million AEHR shares are outstanding with a float of 24.76 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.01 million, which was 3.76% higher than short shares on Jun 14, 2022. In addition to Mr. Rhea J. Posedel as the firm’s Founder & Chairman, Mr. Gayn Erickson serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 40.48% of AEHR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of AEHR, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 2.50% stake in AEHR, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 682,904 shares are owned by the mutual fund manager. The Fidelity Small Cap Growth Fund, which owns about 2.22% of AEHR stock, is the second-largest Mutual Fund holder. It holds 606,342 shares valued at 8.82 million. Fidelity Advisor Series I – Small holds 1.54% of the stake in AEHR, owning 420,500 shares worth 6.11 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AEHR since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AEHR analysts setting a high price target of $31.00 and a low target of $31.00, the average target price over the next 12 months is $31.00. Based on these targets, AEHR could surge 101.82% to reach the target high and rise by 101.82% to reach the target low. Reaching the average price target will result in a growth of 101.82% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AEHR will report FY 2023 earnings on 07/20/2023. Analysts have provided yearly estimates in a range of $0.52 being high and $0.52 being low. For AEHR, this leads to a yearly average estimate of $0.52. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.

Summary of Insider Activity:

Insiders traded AEHR stock several times over the past three months with 12 Buys and 22 Sells. In these transactions, 470,382 shares were bought while 218,629 shares were sold. The number of buy transactions has increased to 55 while that of sell transactions has risen to 99 over the past year. The total number of shares bought during that period was 1,031,396 while 1,655,123 shares were sold.

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