Up Over 90% in the Past Month, Is Aehr Test Systems a Buy?

14 Oct 2021

Up Over 90% in the Past Month, Is Aehr Test Systems a Buy?

. Up Over 90% in the Past Month, Is Aehr Test Systems a Buy?Aehr Test Systems’ (AEHR) stock has almost doubled in price over the last month and is up 660% in 2021. The company has benefited from an expanding market, allowing it to grow its revenue and earnings at an enviable pace. But has the recent uptick in stock prices pushed its stock’s valuation higher than the company’s fundamentals justify, or does the stock remain a solid bet today? Let’s discuss.Fremont, Calif.-based Aehr Test Systems (AEHR) provides test systems for burning-in and testing logic and optical and memory integrated circuits. It has installed more than 2,500 systems worldwide that amounted to $16.6 million in sales during its fiscal year 2021.The increase in the quality and reliability needs of the automotive and mobility integrated circuit markets is driving test requirements, capacity requirements, and several new opportunities for Aehr’s portfolio of products.Aehr has been on an absolute tear in 2021. The stock has gained an astonishing 661% in price year to date and is up more than over 90% in the last month, easily besting the broader markets. So, should investors be wary of a pullback, or does the stock have sufficient room to surge higher in price the coming months?Continue reading on StockNews

Facebook Comments

You can comment on Up Over 90% in the Past Month, Is Aehr Test Systems a Buy? using Facebook here

Disqus Comments

Join the discussion on Up Over 90% in the Past Month, Is Aehr Test Systems a Buy? using Disqus