AEHR

Strong SellSinker

Aehr Test Systems, Inc. · Technology · United States · $1.8B cap · $160.4M/day traded

$63.95 +13.0% · close 27 Oct · scored 28 Oct

StockRank up 1.5 since 27 Oct: Momentum up 3 after a 13% price rise.

Sinker: Weak, expensive and falling. Nothing here to keep it afloat.

12
StockRank
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Quality
28
Value
21
Momentum
38

As of 28 Oct 2026, MoatMap's StockRank for Aehr Test Systems, Inc. (AEHR) is 12/100, ranked against 24,000+ stocks in 35 markets (Quality 28, Value 21, Momentum 38, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
—
peers 32.5x
ROE
-4.2%
peers 4.9%
D/E
0.0x
peers 0.3x
Dividend %
—
trailing yield

ABOUT AEHR TEST SYSTEMS, INC.

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Aehr Test Systems, Inc. designs, engineers, and manufactures advanced test and burn-in equipment for the semiconductor industry, with a focus on wafer-level testing. The company's competitive moat lies in its proprietary FOX-XP systems, which are critical for testing silicon carbide power semiconductors used in electric vehicles. It operates as a highly specialized, niche equipment provider positioned at the forefront of the power electronics boom.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2027E2028EFwd CAGR
Revenue50.8M65.0M66.2M59.0M5.1%50.0M137.8M211.8M53.2%
EPS0.360.521.15-0.1378.7%-0.23-0.100.15-39.9%
Shares27.1M28.5M29.0M29.9M+10.2%32.7M———
Debt1.0M6.3M6.2M10.8M120.8%9.9M———
Equity51.0M75.6M111.6M122.9M34.1%————
Op CF1.5M10.0M1.8M-7.4M7.9%-3.3M———
Inv CF-0.4M-18.7M17.3M-16.1M—————
Fin CF25.8M7.3M0.1M0.6M—————
Loading 1Y...
PRICE (1Y) · USD-24.1%
55.368.381.394.210716 Sep7 Oct27 Oct
SMA 50SMA 200

Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsVery bumpy

Swung more than 98% of stocks we rank over the past year (124% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
$63.95
RSI (14)
25.5
52-Week Range-56.6% from high
Low $18.70High $147.40

SCORE BREAKDOWN

Quality
28
ROIC
-6.2%16.3
ROE
-4.2%20.1
GP/Assets
7.2%14.7
Op. Margin
-6.4%18.4
FCF/Assets
-2.2%27.9
Piotroski
00.0
Int. Cover
—N/A
D/E Ratio
0.05x74.0
Current Ratio
10.33x96.5
Value
21
P/E (TTM)
—N/A
EV/EBITDA
-149.7x25.0
P/FCF
—N/A
P/B
8.2x14.5
P/S
36.1x3.3
Div Yield
—N/A
Momentum
38
52W High %
43%19.4
RS 6M
-31%24.5
SMA 50/200
1.17x83.4
EPS Rev 4W
-0.6%9.5
EPS Rev 12W
-0.6%26.4
EPS Improve
+698%95.7
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$1.8B
P/E (Forward)
40.2x
Gross Margin
35.3%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of AEHR are excluded.

TickerCompanyMkt CapStockRankSignal
AEHRAehr Test Systems, Inc.(you)$1.8B12Strong Sell
AXTIAXT, Inc.$3.4B16Strong Sell
ICHRIchor Holdings, Ltd.$1.4B24Sell
UCTTUltra Clean Holdings, Inc.$2.1B28Sell
AMBAAmbarella, Inc.$2.9B25Sell
VECOVeeco Instruments Inc.$2.6B28Sell
COHUCohu, Inc.$2.3B34Sell
IPGPIPG Photonics Corporation$3.0B33Sell
ACLSAxcelis Technologies, Inc.$3.3B46Hold
ACMRACM Research, Inc.$3.5B54Hold

Peer medians: ROE 4.9% · P/E 32.5x · Gross margin 52.4%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Aehr Test Systems, Inc. (AEHR): Stock Score Summary

Aehr Test Systems, Inc. (AEHR) has a MoatMap StockRank of 12/100 based on Quality (28/100), Value (21/100), and Momentum (38/100) factor scores. The current signal is STRONG SELL.

Aehr Test Systems, Inc. designs, engineers, and manufactures advanced test and burn-in equipment for the semiconductor industry, with a focus on wafer-level testing. The company's competitive moat lies in its proprietary FOX-XP systems, which are critical for testing silicon carbide power semiconductors used in electric vehicles. It operates as a highly specialized, niche equipment provider positioned at the forefront of the power electronics boom.

Key Financial Metrics

Price$63.95
Market Cap$1.8B
P/E (Forward)40.23
Price/Book8.18
Return on Equity-4.2%
Return on Invested Capital-6.2%
Debt/Equity0.05x
Gross Margin35.3%
Operating Margin-6.4%
Revenue Growth33.7%
Free Cash Flow$-5M

Aehr Test Systems, Inc. operates in the Semiconductor Equipment & Materials industry, part of the Technology sector (United States).

Frequently Asked Questions

What is Aehr Test Systems, Inc.’s (AEHR) StockRank?
MoatMap’s StockRank for Aehr Test Systems, Inc. (AEHR) is 12/100, with a Strong Sell signal. It is a composite of Quality (28), Value (21), and Momentum (38), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does Aehr Test Systems, Inc. have an economic moat?
Aehr Test Systems, Inc. (AEHR) has a Quality factor score of 28/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Aehr Test Systems, Inc. a buy, hold, or sell?
MoatMap’s current signal for Aehr Test Systems, Inc. (AEHR) is Strong Sell, based on a StockRank of 12/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Aehr Test Systems, Inc. in?
Aehr Test Systems, Inc. (AEHR) operates in the Technology sector, specifically the Semiconductor Equipment & Materials industry (United States).