Stocks of Aehr Test Systems (NASDAQ:AEHR) traded higher last session on Wall Street, up 20.27% to $16.02.
AEHR stock price is now 19.02% away from the 50-day moving average and 11.40% away from the 200-day moving average. The market capitalization of the company currently stands at $473.87M.
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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, SLAYEN HOWARD T, Director bought 20,000 shares of the company’s stock on Aug 02 ’24. The stock was bought for $310,000 at an average price of $15.50. Upon completion of the transaction, the Director now directly owns 220,714 shares in the company, valued at $3.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, Officer DANESH FARIBA bought 10,000 shares of the business’s stock. A total of $185,800 was incurred on buying the stock at an average price of $18.58. A total of 6.47% 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 $41.67. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 6.03, and a quick ratio of 3.24. According to the stock market information, the enterprise value for the company is $443561344, which is based on a 16.25 price-to-earnings ratio, a 0.81 price-to-earnings-growth ratio, and a beta of 2.05. The fifty day moving average price for AEHR is $13.4604 and a two-hundred day moving average price translates $14.38045 for the stock.
The latest earnings results from Aehr Test Systems (NASDAQ: AEHR) was released for 2024-08-30. The net profit margin was 49.63% and return on equity was 28.76% for AEHR. The company reported revenue of $16.6 million for the quarter, compared to $22.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.46 percent.
