Aehr Test Systems’s filing revealed that its Director SLAYEN HOWARD T acquired Company’s shares for reported $0.31 million on Aug 02 ’24. In the deal valued at $15.50 per share,20,000 shares were bought. As a result of this transaction, SLAYEN HOWARD T now holds 220,714 shares worth roughly $2.75 million.
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Then, DANESH FARIBA bought 10,000 shares, generating $185,800 in total proceeds.
Before that, DANESH FARIBA sold 10,000 shares. Aehr Test Systems shares valued at $185,900 were divested by the Director at a price of $18.59 per share. As a result of the transaction, DANESH FARIBA now holds 16,390 shares, worth roughly $0.2 million.
Craig Hallum upgraded its Aehr Test Systems [AEHR] rating to a Buy from a a Hold in a research note published on July 17, 2024; the price target was increased to $25 from $12. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. William Blair also remained covering AEHR and has decreased its forecast on March 25, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. William Blair started covering the stock on October 17, 2022. It rated AEHR as “an Outperform”.
Price Performance Review of AEHR
On Monday, Aehr Test Systems [NASDAQ:AEHR] saw its stock fall -3.71% to $12.46. Over the last five days, the stock has lost -6.17%. Aehr Test Systems shares have fallen nearly -53.03% since the year began. Nevertheless, the stocks have fallen -74.29% over the past one year. While a 52-week high of $51.08 was reached on 01/02/24, a 52-week low of $9.83 was recorded on 06/26/24. SMA at 50 days reached $15.11, while 200 days put it at $15.66.
Levels Of Support And Resistance For AEHR Stock
The 24-hour chart illustrates a support level at 12.10, which if violated will result in even more drops to 11.74. On the upside, there is a resistance level at 12.84. A further resistance level may holdings at 13.22. The Relative Strength Index (RSI) on the 14-day chart is 39.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.47%. Stochastics %K at 11.66% indicates the stock is a buying.
How much short interest is there in Aehr Test Systems?
A steep rise in short interest was recorded in Aehr Test Systems stocks on 2024-08-30, growing by 0.51 million shares to a total of 5.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.57 million shares. There was a rise of 10.02%, which implies that there is a positive sentiment for the stock.
