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$AEHR — what the base rate says

$AEHR — what the base rate says

Fifty-nine percent of forty-six is a number this blog rarely gets to print. Forty-six prior sessions where Aehr Test Systems opened at least 5% above the previous close; fifty-nine percent of them closed above that open, and the median finished 2.24% higher than where it opened. Most names that land in this feed carry a record leaning the other way. $AEHR, +15.60% in the evening session, does not, and a file you quote only when it agrees with you is a mood board.

The catalyst is an 8-K under Item 2.02, results of operations, with the press release parked in the 9.01 exhibit slot. The feed line carries the item number, not the number. Whatever the quarter actually said is still inside the envelope, and the price voted before anyone opened it.

The distinction the headline skips: those forty-six sessions are mornings that had already gapped, measured from their own open to their own close. A 5:16 PM print is neither an open nor a gap, and the record has nothing to say about what 9:30 tomorrow does with it. Tomorrow gets its own line in the file. Tonight an after-hours number gets written down, and the vest gets walked home.

What the data showed

  • $HODO -46.38% House of Doge Inc. mcap $11M · float 62M shares · sector: FINANCE SERVICES
  • $ADEA -22.30% Adeia Inc. mcap $2.4B · float 108M shares · sector: CABLE & OTHER PAY TELEVISION SERVICES
  • $EBS -21.43% Emergent BioSolutions Inc. mcap $356M · float 51M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $BVS -20.91% Bioventus Inc. mcap $895M · float 62M shares · sector: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
  • $SMTK -17.65% SmartKem, Inc. mcap $2M · float 990,000 shares · sector: SEMICONDUCTORS & RELATED DEVICES
  • $VCIG -16.42% VCI Global Limited mcap $3M · float 1M shares
  • $ALG -14.88% Alamo Group Inc. mcap $1.8B · sector: FARM MACHINERY & EQUIPMENT
  • $BRCC -13.97% BRC Inc. mcap $138M · float 89M shares · sector: BEVERAGES
  • $CWH -12.71% Camping World Holdings, Inc. mcap $289M · float 58M shares · sector: RETAIL-AUTO DEALERS & GASOLINE STATIONS
  • $HXHX -11.95% Haoxin Holdings Limited mcap $6M · float 7M shares

Aehr's forty-six gap mornings sit in the FILTRIX.net backtester with the open-to-close result on every one of them. Read the whole spread, not the fifty-nine; the tail is where the sizing decision lives.

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