Aehr Test Systems (NASDAQ: AEHR) stock fell -0.75% on Friday to $25.22 against a previous-day closing price of $25.41. With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.11 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $26.00 whereas the lowest price it dropped to was $24.96. The 52-week range on AEHR shows that it touched its highest point at $54.10 and its lowest point at $17.05 during that stretch. It currently has a 1-year price target of $60.00. Beta for the stock currently stands at 2.06.
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 up-trending over the past week, with a rise of 2.94%, but this was down by -20.42% over a month. Three-month performance dropped to -38.32% while six-month performance fell -23.48%. The stock gained 11.74% in the past year, while it has gained 25.47% so far this year. A look at the trailing 12-month EPS for AEHR yields 0.63 with Next year EPS estimates of 1.50. For the next quarter, that number is 0.19. This implies an EPS growth rate of 76.82% for this year and 43.30% 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 90.24%.
Float and Shares Shorts:
At present, 28.54 million AEHR shares are outstanding with a float of 27.01 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.65 million, which was 23.07% higher than short shares on Sep 28, 2023. In addition to Mr. Rhea J. Posedel as the firm’s Founder & Independent Chairman, Mr. Gayn Erickson serves as its President, CEO & Director.
Institutional Ownership:
Through their ownership of 68.13% of AEHR’s outstanding shares, institutional investors have majority control over the company. With a 3.08% stake in AEHR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 886,185 shares are owned by the mutual fund manager. The Hood River Small-Cap Growth Fund, which owns about 2.41% of AEHR stock, is the second-largest Mutual Fund holder. It holds 694,541 shares valued at 16.36 million. Congress Small Cap Growth Fund holds 2.08% of the stake in AEHR, owning 600,000 shares worth 14.14 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AEHR since 0 analysts follow the stock currently. 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 $60.00 and a low target of $60.00, the average target price over the next 12 months is $60.00. Based on these targets, AEHR could surge 137.91% to reach the target high and rise by 137.91% to reach the target low. Reaching the average price target will result in a growth of 137.91% from current levels.
Summary of Insider Activity:
Insiders traded AEHR stock several times over the past three months with 16 Buys and 1 Sells. In these transactions, 89,276 shares were bought while 503 shares were sold. The number of buy transactions has increased to 59 while that of sell transactions has risen to 105 over the past year. The total number of shares bought during that period was 598,537 while 1,367,641 shares were sold.
