Aehr Test Systems [NASDAQ:AEHR] will report earnings after markets close on Thursday, January 7th.
AEHR Earnings Forecast For The Current Quarter
Aehr Test Systems [AEHR] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $3.32M and an earnings per share of -$0.05 for Nov 2020. Looking further ahead, the company is expected to report revenue of $7.8M at an EPS of $0.05 for Feb 2021.
AEHR Earnings Estimates For The Current Year
For the financial year, Aehr Test Systems [NASDAQ:AEHR] is expected to bring in revenue of $25.07M. The returns are nearly $2.78 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021,
AEHR Price Performance
On Wall Street, Aehr Test Systems [NASDAQ:AEHR] finished Tuesday’s session down -0.83% at $2.40. The stock went up to $2.51 at the same session while its lowest single day price was $2.38. In the last five days, it saw a fall of about -2.44%, Aehr Test Systems shares dropped by almost -5.14% since the beginning of the year. However, the share price has dropped to as low as -13.67% below its one year high. On 01/04/21, the company shares recorded $2.59, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $2.38. The company’s shares have inclined by 21.21% in the past year. The 50-day SMA achieved is $1.79 while the 200-day SMA is $1.75. Volume dropped to 0.2 million from 0.32 million in the previous session.
AEHR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 2.35 level, and in case of violation of this particular level, it will cause more drop to 2.30 level. On the upper level, 2.56 is still the key resistance. The stock may increase to the subsequent resistance at 2.48. The Relative Strength Index (RSI) pinned on the 14-day chart is 64.17, implying a neutral technical stance while the MACD stands at 0.12, meaning price will decrease in the next trading period. Percent R indicator moved to 35.39%, implying low price movement. Stochastic %K at 73.85% suggest holding the stock.
Is Aehr Test Systems [NASDAQ:AEHR] a Good Buy Right Now?
It should be noted that AEHR technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 56% Buy in the last week and compares with 8% Buy in the past month. Data from Aehr Test Systems’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.2 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.37 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 0.26 million shares.
What is the short interest in Aehr Test Systems?
Short interest in the Aehr Test Systems stock has plunged, decreasing by -0.13 million shares to total 0.18 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 48590.0, data from Yahoo Finance shows. The increase of 73.03% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.90% of the overall float for the stock.
Aehr Test Systems’s Biggest Shareholders: Who Owns Aehr Test Systems [AEHR]?
Filings by AWM Investment Co., Inc. showed that the firm now holds a total of 1,898,534 shares or roughly 8.15% of the outstanding AEHR shares. This means their shares have reduced by 0 from the 1,898,534 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Royce & Associates LP updated stake is worth $2,134,935. Details in the latest 13F filings reveal that The Vanguard Group, Inc. acquired their 9.62% stake valued at $1,462,855 while Kennedy Capital Management, Inc. cut theirs at $655,690. During the last quarter, The Vanguard Group, Inc. raised 77,811 of its shares in Aehr Test Systems while Kennedy Capital Management, Inc. sold -196,865 shares. The Essex Investment Management Co. L’s holdings currently number 236,664 shares at $567993.6. According to the firm’s last 13F report, Janney Montgomery Scott LLC shares in the company at filing stood at 198,100 shares, roughly $326,865.
What are analyst thoughts on Aehr Test Systems?
Looking forward to the Aehr Test Systems share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Aehr Test Systems stock at $3.00 within the next 12 months, which represents almost 20.0 per cent growth from its previous closing price of $2.40. The highest analysts’ target for Aehr Test Systems stock projections is $3.00 and the lowest one is $3.00. Still, 1 analysts sharing their consensus rating for AEHR stock in 2021 agree that it is a Buy.