Aehr Test Systems (NASDAQ:AEHR) price on Wednesday, May 09, fall -2.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.25.
A look at the stock’s price movement, the close in the last trading session was $11.48. The PE ratio in trailing twelve months stood at 21.72. Turning to its 52-week performance, $54.10 and $10.19 were the 52-week high and 52-week low respectively. Overall, AEHR moved -4.50% over the past month.
Aehr Test Systems’s market cap currently stands at around $325.24 million.
Analysts have a consensus estimate of 15.44M for the company’s revenue for the quarter, with a low and high estimate of 15.38M and 15.5M respectively. The average forecast suggests down to a -30.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 65.11M, representing a 0.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AEHR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.09, with AEHR’s current price about -1.29% and -14.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.73, while 7-day volatility ratio is 4.68% and 5.35% in the 30-day chart. Further, Aehr Test Systems (AEHR) has a beta value of 2.04, and an average true range (ATR) of 0.64.
If we refocus on Aehr Test Systems (NASDAQ:AEHR), historical trading data shows that trading volumes averaged 1.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.54 million shares.
The 6.25% of Aehr Test Systems’s shares are in the hands of company insiders while institutional holders own 68.15% of the company’s shares. Current price change has pushed the stock -57.60% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AEHR stock continues to rise going into the next quarter.