Aeluma (NASDAQ:ALMU) Coverage Initiated by Analysts at Zacks Research

Zacks Research initiated coverage on shares of Aeluma (NASDAQ:ALMU) in a research note published on Tuesday,Zacks reports. The brokerage issued a hold rating on the stock.

Several other equities analysts have also recently weighed in on ALMU. Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a report on Thursday, October 15th. Northland Securities began coverage on Aeluma in a report on Monday. They set an “outperform” rating and a $16.00 target price on the stock. Finally, Freedom Broker reduced their price target on Aeluma from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aeluma currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Aeluma Trading Down 3.2%

Shares of ALMU opened at $7.26 on Tuesday. Aeluma has a 12 month low of $6.59 and a 12 month high of $31.79. The firm has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $16.42. The stock has a market capitalization of $140.26 million, a price-to-earnings ratio of -13.96 and a beta of 4.52.

Aeluma (NASDAQ:ALMU) last issued its quarterly earnings results on Wednesday, September 16th. The company reported ($0.15) earnings per share (EPS) for the quarter. Aeluma had a negative net margin of 205.31% and a negative return on equity of 18.14%. The business had revenue of $0.58 million during the quarter. As a group, research analysts predict that Aeluma will post -0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Aeluma

In related news, Director Steven Denbaars sold 12,500 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $13.84, for a total transaction of $173,000.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan Klamkin sold 100,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 1,126,995 shares in the company, valued at $11,867,257.35. This trade represents a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 212,500 shares of company stock valued at $2,561,000 over the last three months. 12.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Aeluma during the 2nd quarter worth about $21,489,000. Wedbush Securities Inc. raised its holdings in shares of Aeluma by 586.0% in the 3rd quarter. Wedbush Securities Inc. now owns 352,775 shares of the company’s stock valued at $4,360,000 after purchasing an additional 301,350 shares during the period. AWM Investment Company Inc. bought a new stake in shares of Aeluma in the 2nd quarter valued at about $2,901,000. Bank of New York Mellon Corp acquired a new stake in Aeluma in the 2nd quarter valued at about $2,047,000. Finally, Polar Asset Management Partners Inc. lifted its stake in Aeluma by 0.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 91,030 shares of the company’s stock valued at $1,192,000 after purchasing an additional 747 shares during the last quarter.

Trending Headlines about Aeluma

Here are the key news stories impacting Aeluma this week:

• Positive Sentiment: Northland Securities maintained an Outperform rating and a $16 price target, well above the reported $7.26 share price. Aeluma stock picked up by analysts at Northland Securities
• Neutral Sentiment: Zacks Research initiated coverage with a Hold rating, signaling a wait-and-see view rather than a clear catalyst for buying. Zacks Research ratings
• Negative Sentiment: Northland’s estimates still project losses, including a $0.57-per-share loss for FY2027 and $0.43 for FY2028. Persistent expected losses may weigh on sentiment, particularly as the stock is near its 12-month low. Northland Securities analyst coverage

About Aeluma

Aeluma, Inc is a semiconductor company developing technologies designed to manufacture high-performance compound semiconductor devices on large-diameter silicon substrates. Its approach is intended to combine the performance characteristics of compound semiconductors with the scalability and manufacturing infrastructure associated with silicon wafers.

The company’s technology is applicable to products such as photodetectors, light-emitting devices, laser components and other optoelectronic devices.