Aehr Test Systems (NASDAQ:AEHR) shares traded -8.64% lower at $18.83 on Wall Street last session.
AEHR stock price is now 52.71% away from the 50-day moving average and -0.98% away from the 200-day moving average. The market capitalization of the company currently stands at $544.38M.
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With the price target enhanced from $12 to $25, Craig Hallum Upgraded its rating from Hold to Buy for Aehr Test Systems (NASDAQ: AEHR). On March 26, 2024, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $12, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Erickson Gayn, President and CEO sold 4,871 shares of the company’s stock on Jan 18 ’24. The stock was sold for $84,726 at an average price of $17.39. Upon completion of the transaction, the President and CEO now directly owns 427,935 shares in the company, valued at $8.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 18 ’24, Exec VP of Sales & Mktg. ROGERS VERNON sold 1,309 shares of the business’s stock. A total of $22,769 was realized by selling the stock at an average price of $17.39. This leaves the insider owning 40,277 shares of the company worth $0.76 million. A total of 6.23% of the company’s stock is owned by insiders.
During the past 12 months, Aehr Test Systems has had a low of $9.83 and a high of $54.10. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 9.31, and a quick ratio of 5.75. According to the stock market information, the enterprise value for the company is $503013856, which is based on a 16.79 price-to-earnings ratio, a 0.84 price-to-earnings-growth ratio, and a beta of 2.13. The fifty day moving average price for AEHR is $12.474 and a two-hundred day moving average price translates $18.8825 for the stock.
The latest earnings results from Aehr Test Systems (NASDAQ: AEHR) was released for 2024-05-31. The net profit margin was 50.07% and return on equity was 35.42% for AEHR. The company reported revenue of $7.56 million for the quarter, compared to $17.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -56.04 percent.
