In the last trading session, 2.01 million shares of the Aehr Test Systems (NASDAQ:AEHR) were traded, and its beta was 1.33. Most recently the company’s share price was $19.56, and it changed around -$0.05 or -0.25% from the last close, which brings the market valuation of the company to $520.88M. AEHR currently trades at a discount to its 52-week high of $27.09, offering almost -38.5% off that amount. The share price’s 52-week low was $1.53, which indicates that the current value has risen by an impressive 92.18% since then. We note from Aehr Test Systems’s average daily trading volume that its 3-month average coming to 4.30 million.
Instantly AEHR has showed a red trend with a performance of -0.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.15 on Friday, 11/19/21 increased the stock’s daily price by 25.2%. The company’s shares are currently up 673.12% year-to-date, but still down -21.10% over the last five days. On the other hand, Aehr Test Systems (NASDAQ:AEHR) is -10.48% down in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $31.00, which translates to bulls needing to increase their stock price by 36.9% from its current value. Analyst projections state that AEHR is forecast to be at a low of $31.00 and a high of $31.00. In order for the stock price to hit the forecast high, the stock would need to plunge -58.49% from its current level, while the stock would need to crash -58.49% from its current level to reach the projected low.
Aehr Test Systems (AEHR) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 66.70% in revenue this quarter, and will report an increase of 85.70% in the next quarter. The year-over-year growth rate is expected to be 71.20%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $5.12 million in revenue for the current quarter. 1 analysts expect Aehr Test Systems to make $6.14 million in revenue for the quarter ending Nov 2021.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.10%. Aehr Test Systems earnings are expected to increase by 29.40% in 2021, but the outlook is positive 20.00% per year for the next five years.
Aehr Test Systems’s next quarterly earnings report is expected to be released around January 05 and January 10.
Aehr Test Systems (NASDAQ:AEHR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.49% of Aehr Test Systems shares, and 22.28% of them are in the hands of institutional investors. The stock currently has a share float of 24.61%. Aehr Test Systems stock is held by 24 institutions, with AWM Investment Company, Inc. being the largest institutional investor. By Jun 29, 2021, it held 7.15% of the shares, which is about 1.9 million shares worth $5.24 million.
Royce & Associates LP, with 3.95% or 1.05 million shares worth $2.89 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Royce Micro-Cap Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 0.7 million shares worth $1.93 million, making up 2.64% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 0.68 million shares worth around $1.88 million, which represents about 2.56% of the total shares outstanding.