AEHR · NASDAQ · STOCK
Aehr Test Systems
$117.30
52W $16.38 – $126.62
54/100
$3.82B
-509.5
3.09
Is AEHR Bullish or Bearish?
Mixed.
Innellis AI committee rates Aehr Test Systems (AEHR) Watch with a composite score of 54/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +6.22 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -13.78 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious — revenue declining -26.4% yoy -- this is not a growth story right now. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- ROE of only -8.9% -- cheap may mean cheap for a reason — Value
- Revenue declining -26.4% YoY -- this is not a growth story right now — Growth
- RSI at 72 is in overbought territory — Technical
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Bollinger bandwidth of 62.9% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
54/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 88%
of 284 Technology peers
Value Analyst
neutral
52
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− ROE of only -8.9% -- cheap may mean cheap for a reason
Growth Analyst
bearish
15
/ 100 · Low confidence
Growth story is weak, decelerating, or inconsistent
− Revenue declining -26.4% YoY -- this is not a growth story right now
Technical Analyst
neutral
57
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− RSI at 72 is in overbought territory
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 62.9% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 5 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
72.5
Overbought
MACD Histogram
4.047
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$76.79
Resistance
$126.15
Bollinger %B
1.00
Above Upper Band
Price vs Moving Averages
EMA 9
$100.25
Above
EMA 21
$92.57
Above
EMA 50
$89.01
Above
EMA 200
$64.00
Above
Fundamental Analysis
Valuation
33
Profitability
9
Financial Health
100
Cash Flow
15
Valuation
P/E Ratio
-509.5×
P/B Ratio
16.37×
PEG Ratio
6.37
Dividend Yield
0.00%
52W High
$126.62
52W Low
$16.38
Quality & Growth
ROE
-324.6%
ROA
-288.9%
Gross Margin
3466.6%
Operating Margin
-2780.0%
Revenue Growth YoY
—
Debt / Equity
0.04
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of -509.5 (inexpensive relative to a 15-40x range); Price-to-book of 16.4x; PEG ratio of 6.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -3.2%; Return on assets of -2.9%; Net margin of -14.0%; Gross margin of 34.7%; Current ratio of 10.33 (healthy short-term liquidity); Debt-to-equity of 0.05; Free cash flow per share is negative (-0.18); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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