Aeluma (NASDAQ:ALMU) Posts Quarterly Earnings Results, Hits Estimates

Key Points

• Aeluma (NASDAQ:ALMU) reported a quarterly earnings per share (EPS) of ($0.01), with a negative net margin of 86.85% and return on equity of 87.90%.
• The company's stock traded up by $0.50 to reach $18.20, with a market capitalization of $289.02 million and a price-to-earnings ratio of -67.41.
• Recent insider trading saw CEO Jonathan Klamkin selling 150,000 shares at an average price of $18.85, reducing his ownership by 9.21%.

Aeluma (NASDAQ:ALMU - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01), Zacks reports. The company had revenue of $1.32 million for the quarter. Aeluma had a negative return on equity of 40.79% and a negative net margin of 64.79%.During the same quarter in the prior year, the firm earned ($0.08) earnings per share. Aeluma updated its FY 2026 guidance to EPS.

Aeluma Stock Performance

Shares of NASDAQ ALMU traded up $0.58 during trading on Friday, reaching $15.44. The company had a trading volume of 265,777 shares, compared to its average volume of 299,554. Aeluma has a 12-month low of $2.50 and a 12-month high of $25.88. The business's 50-day moving average is $19.22. The stock has a market cap of $245.39 million and a PE ratio of -64.33.

Insider Transactions at Aeluma

In related news, CEO Jonathan Klamkin sold 150,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $18.85, for a total transaction of $2,827,500.00. Following the sale, the chief executive officer directly owned 1,479,398 shares of the company's stock, valued at approximately $27,886,652.30. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC bought a new stake in shares of Aeluma during the second quarter valued at approximately $3,850,000. Cetera Investment Advisers purchased a new stake in Aeluma during the 2nd quarter valued at $613,000. Rhumbline Advisers bought a new stake in shares of Aeluma in the 2nd quarter worth $228,000. New York State Common Retirement Fund purchased a new position in shares of Aeluma in the second quarter worth $111,000. Finally, Bank of America Corp DE purchased a new position in shares of Aeluma in the second quarter worth $98,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALMU shares. Benchmark restated a "buy" rating and set a $25.00 target price on shares of Aeluma in a report on Wednesday. Craig Hallum initiated coverage on shares of Aeluma in a research report on Monday, July 14th. They set a "buy" rating and a $26.00 price target for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $25.50.

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.