On August 4, Aehr Test rose 8.49% in pre-market trading, trading at $98.5/share, with turnover of $4.0758 million.
The stock continues its technical rebound after a 15%-plus selloff triggered on July 28 when the company filed a mixed shelf registration statement with the SEC covering potential sales of common stock, preferred stock, debt securities, warrants, and other instruments. That decline pushed the stock into oversold territory, sparking a multi-session recovery.
Fundamentally, the company's mid-July Q4 earnings report showed adjusted EPS of $0.11, beating the consensus estimate of -$0.01 by a wide margin. Single-quarter new orders hit a record high, with AI data center business contributing 71% of full-year revenue. Analysts raised target prices to $125, reflecting confidence in the company's successful pivot from electric vehicle silicon carbide testing to AI accelerator and CPU wafer-level burn-in solutions.
The broader semiconductor equipment sector provided additional tailwinds, with Applied Materials up 4.41%, Lam Research up 4.41%, KLA Corporation up 4.28%, and ASML up 2.6%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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