AEHR Stock Summary and Trading Ideas (Aehr Test Systems | NASDAQ:AEHR)

Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.

Aehr Test Systems trades on the NASDAQ stock market under the symbol AEHR.

As of August 30, 2024, AEHR stock price climbed to $15.21 with 628,822 million shares trading.

AEHR has a beta of 1.57, meaning it tends to be more sensitive to market movements. AEHR has a correlation of 0.05 to the broad based SPY ETF.

AEHR has a market cap of $449.60 million. This is considered a Small Cap stock.

Last quarter Aehr Test Systems reported $17 million in Revenue and $.84 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.74.

In the last 3 years, AEHR stock traded as high as $54.10 and as low as $6.71.

The top ETF exchange traded funds that AEHR belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWO.

AEHR stock has underperformed the market in the last year with a return of -69.6%, while SPY returned +26.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AEHR shares. However, AEHR has outperformed the market in the last 3 month and 2 week periods, returning +31.3% and +3.6%, while SPY returned +8.2% and +1.7%, respectively. This indicates AEHR has been having a stronger performance recently.

AEHR support price is $14.07 and resistance is $15.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AEHR stock will trade within this expected range on the day.