Aeluma (NASDAQ:ALMU) Now Covered by Analysts at Craig Hallum

Equities research analysts at Craig Hallum initiated coverage on shares of Aeluma (NASDAQ:ALMU - Get Free Report) in a note issued to investors on Monday, Marketbeat reports. The firm set a "buy" rating and a $26.00 price target on the stock. Craig Hallum's target price would indicate a potential upside of 40.46% from the stock's previous close.

Aeluma Stock Up 1.0%

NASDAQ:ALMU traded up $0.18 on Monday, hitting $18.51. The company's stock had a trading volume of 155,861 shares, compared to its average volume of 174,184. Aeluma has a one year low of $2.50 and a one year high of $19.50. The firm has a market capitalization of $292.46 million and a price-to-earnings ratio of -68.56.

Aeluma Company Profile

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.