Aehr Test Systems (AEHR) Skyrockets By 30% Today After Announcing Doubled Revenue: The Stock Is Expected 70% Year Over Year Growth

Aehr Test Systems stock is behaving this past week, especially today when it surges by over 30% in the open market. What’s happening with Aehr stock today? Well, first let’s check the behavior of the stock over these last 5 days. The stock was trading at $2.94 on July 13. There haven’t been any major increases or decreases until today. So why is stock rising today?
Aehr Test Systems reported a doubling of the net sales compared to last year, rising from $3.8 $7.6 million for the quarter. The company supplies semiconductor tests and quality kits.

Chief Executive Gayn Erickson said that the company is very happy to announce its improvement and gained double revenue. It returns the company back to its pace as it was before the COVID-19 pandemic, and even surpasses pre-pandemic times. Aehr Test Systems is motivated by the growth of its clients’ demand in the quarter. Aehr forecasts to have more than $28 million of revenue in the next year of 2022. This would represent a 70% year-over-year growth rate.

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