Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets are driving additional test requirements, incremental capacity needs, and new opportunities for the company's products in package, wafer level, and singulated die/module level test. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several innovative products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.
This is not a financial advice!
We need to stay in a bullish overall sentiment of the market. If we see a corretion, this play might doesn't work.
Shs. Float of 27.05M Short Float 22.47%
Keep an eye on 21.7 , 24.5, 39, 78 levels, needs to get broken for a further upmove. If you want to lock in gains you can take full or partial profits at these levels.
I agree with your analysis. However, I do not see a major change/improvement in outlook, except the new contract. Their bleak earning outlook due to lackluster EV sales was one of the reasons this stock trended lower. The other point is the poor performance of the stock despite the tech rally. But the issue is, when the rally ends, these stocks fall harder. Having said that, I see a MACD divergence. If the stock pierces through $19.16 and holds $20.32, I would buy it. The issue is that it may take couple of weeks for this to happen and my expectation is SPX will test 4800 pretty soon and a panic sell is possible, although not due to fundamentals -purely on technicals. Nevertheless, this stock will catch that fall and test $14's. I will buy it after some sort of correction in the market.
Having said that, I see a MACD divergence. If the stock pierces through $19.16 and holds $20.32, I would buy it. The issue is that it may take couple of weeks for this to happen and my expectation is SPX will test 4800 pretty soon and a panic sell is possible, although not due to fundamentals -purely on technicals. Nevertheless, this stock will catch that fall and test $14's. I will buy it after some sort of correction in the market.