Aeluma, Inc. (ALMU) – What Are Brokerages Saying About This Stock?

Aeluma, Inc. (NASDAQ:ALMU) has been assigned an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a report on Thursday. Freedom Broker decreased their price objective on Aeluma from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, September 17th.

Insider Transactions at Aeluma

In other Aeluma news, Director Steven Denbaars sold 12,500 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $13.84, for a total value of $173,000.00. Following the completion of the transaction, the director directly owned 357,709 shares in the company, valued at approximately $4,950,692.56. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jonathan Klamkin sold 100,000 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $10.53, for a total transaction of $1,053,000.00. Following the completion of the transaction, the chief executive officer owned 1,126,995 shares of the company’s stock, valued at $11,867,257.35. This represents a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 212,500 shares of company stock worth $2,561,000. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Aeluma

A number of institutional investors have recently modified their holdings of ALMU. AWM Investment Company Inc. bought a new position in shares of Aeluma during the 2nd quarter worth approximately $2,901,000. BlackRock Inc. purchased a new stake in Aeluma during the second quarter valued at approximately $21,489,000. Bank of New York Mellon Corp acquired a new stake in Aeluma in the second quarter valued at approximately $2,047,000. Wedbush Securities Inc. acquired a new stake in Aeluma in the second quarter valued at approximately $1,135,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in Aeluma in the first quarter valued at approximately $464,000.

Aeluma Price Performance

Shares of NASDAQ:ALMU opened at $7.95 on Monday. The company has a market capitalization of $153.59 million, a price-to-earnings ratio of -15.29 and a beta of 4.10. Aeluma has a 52 week low of $7.59 and a 52 week high of $31.79. The firm has a 50 day moving average of $13.41 and a 200 day moving average of $17.53.

Aeluma (NASDAQ:ALMU) last posted its earnings results on Wednesday, September 16th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $0.58 million for the quarter. Aeluma had a negative return on equity of 18.14% and a negative net margin of 205.31%.

Aeluma Company Profile

Aeluma, Inc is a semiconductor company that develops and commercializes high-performance optoelectronic devices. Its technology is designed to integrate compound semiconductor materials with large-diameter silicon wafers, supporting the production of advanced components through manufacturing processes intended to improve scalability and reduce costs.

The company’s products and applications are focused on communications, sensing and computing markets. Potential use cases include optical communications, three-dimensional sensing, light detection and ranging (LiDAR), aerospace and defense systems, and other applications that require high-performance photonic or semiconductor components.

Aeluma was founded in 2019 and is based in Goleta, California.