Aeluma, Inc. (ALMU) – What Are Researchers Thinking About This Stock?

Aeluma, Inc. (NASDAQ:ALMU) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of brokerages have issued reports on ALMU. Freedom Broker lowered their target price on shares of Aeluma from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a research note on Thursday.

Insider Buying and Selling

In other Aeluma news, CEO Jonathan Klamkin sold 100,000 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $10.53, for a total value of $1,053,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,126,995 shares of the company’s stock, valued at $11,867,257.35. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Denbaars sold 12,500 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $13.84, for a total value of $173,000.00. Following the completion of the transaction, the director owned 357,709 shares in the company, valued at $4,950,692.56. This represents a 3.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 212,500 shares of company stock valued at $2,561,000 over the last 90 days. 12.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aeluma

Institutional investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. boosted its holdings in shares of Aeluma by 0.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 91,030 shares of the company’s stock worth $1,192,000 after purchasing an additional 747 shares in the last quarter. Legal & General Group Plc bought a new position in Aeluma during the second quarter valued at approximately $26,000. JNBA Financial Advisors grew its position in Aeluma by 107.2% during the second quarter. JNBA Financial Advisors now owns 3,340 shares of the company’s stock valued at $74,000 after acquiring an additional 1,728 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aeluma during the fourth quarter worth approximately $32,000. Finally, Fortitude Advisory Group L.L.C. raised its stake in shares of Aeluma by 6.0% during the second quarter. Fortitude Advisory Group L.L.C. now owns 37,567 shares of the company’s stock worth $829,000 after acquiring an additional 2,132 shares in the last quarter.

Aeluma Price Performance

NASDAQ:ALMU opened at $7.95 on Monday. The business has a fifty day simple moving average of $13.41 and a two-hundred day simple moving average of $17.50. Aeluma has a 1 year low of $7.59 and a 1 year high of $31.79.

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

About Aeluma

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.