Aehr Test Systems (AEHR) Stock Falls 9% as Insiders Sell $13.8M in 90 Days
TLDR
- AEHR dropped 9.1% to $132.37 on Tuesday, with trading volume down 79% from its average
- The stock has a consensus “Buy” rating and a $136.67 average price target
- Jefferies initiated coverage this week with a “Buy” rating and a $175 price target
- Insiders sold 109,475 shares worth $13.8 million over the past 90 days
- Institutional investors, including Vanguard and UBS, own roughly 69.7% of the company
Aehr Test Systems (AEHR) dropped 9.1% on Tuesday, hitting $132.37 in mid-day trading. The stock had closed the previous session at $145.61.
Volume was notably thin. Only around 520,330 shares changed hands, a 79% drop from the average daily volume of 2,424,321.
The 12-month range tells the story of a stock that has moved fast. AEHR hit a low of $16.38 over the past year and a high of $147.40, reached just recently.
The company carries a market cap of around $4.03 billion at current prices. Its P/E ratio sits at -519.12, and the stock has a beta of 3.10, reflecting its history of sharp swings.
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