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 are driving additional test requirements, incremental capacity needs, and new opportunities for the company's products in package, wafer level, and singulated die/module level test. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several innovative 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 April 17, 2024, AEHR stock price declined to $11.15 with 773,204 million shares trading.

AEHR has a beta of 1.59, meaning it tends to be more sensitive to market movements. AEHR has a correlation of 0.06 to the broad based SPY ETF.

AEHR has a market cap of $322.40 million. This is considered a Small Cap stock.

Last quarter Aehr Test Systems reported $8 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-47,000 and met earnings estimates .

In the last 3 years, AEHR stock traded as high as $54.10 and as low as $1.94.

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

AEHR has underperformed the market in the last year with a price return of -61.4% while the SPY ETF gained +23.0%. AEHR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -35.5% and -6.2%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

AEHR support price is $11.09 and resistance is $12.09 (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.