Stock analysts at Craig Hallum started coverage on shares of Aeluma (NASDAQ:ALMU - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set a "buy" rating and a $26.00 price target on the stock. Craig Hallum's price target points to a potential upside of 53.21% from the company's previous close.
Aeluma Trading Up 8.6%
Shares of ALMU traded up $1.34 during mid-day trading on Monday, hitting $16.97. 458,044 shares of the company's stock were exchanged, compared to its average volume of 173,890. Aeluma has a 52 week low of $2.50 and a 52 week high of $19.50. The stock has a market capitalization of $268.13 million and a PE ratio of -62.85.
Aeluma Company Profile
(
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Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications.
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