The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aehr Test Systems shares valued at $310,000 were purchased by SLAYEN HOWARD T on Aug 02 ’24. At $15.50 per share, SLAYEN HOWARD T acquired 20,000 shares. The insider’s holdings grew to 220,714 shares worth approximately $3.37 million following the completion of this transaction.
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Also, DANESH FARIBA purchased 10,000 shares, netting a total of over 185,800 in proceeds.
Before that, DANESH FARIBA had sold 10,000 shares from its account. In a trade valued at $185,900, the Director traded Aehr Test Systems shares for $18.59 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.25 million.
As published in a research note from Craig Hallum on July 17, 2024, Aehr Test Systems [AEHR] has been rated up from a Hold to a Buy and the price target has been revised to $25 from $12. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of March 25, 2024, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for AEHR. Earlier on October 17, 2022, William Blair initiated its rating. Their recommendation was “an Outperform” for AEHR stock.
Analyzing AEHR Stock Performance
During the last five days, there has been a surge of approximately 7.52%. Over the course of the year, Aehr Test Systems shares have dropped approximately -42.37%. Nevertheless, trading volume fell to 1.0 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Aehr Test Systems (AEHR)
RSI (Relative Strength Index) is 58.13 on the 14-day chart, showing neutral technical sentiment.
