Aeluma, Inc. (ALMU) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a “Moderate Buy” consensus on Aeluma, with three buy ratings, one strong buy and one sell; the average 12-month price target is $25.00, although Freedom Broker lowered its target from $30.00.
• Aeluma shares opened at $11.40, well below their 52-week high of $31.79. The company reported a quarterly loss of $0.15 per share on $0.58 million in revenue, alongside a negative net margin of 205.31%.
• Insiders sold shares, including CEO Jonathan Klamkin’s $1.34 million sale and director Steven Denbaars’ $173,000 sale, while several institutional investors established or increased positions during the second quarter.

Shares of Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $25.00.

Several equities analysts have recently issued reports on ALMU shares. Freedom Broker decreased their price objective on Aeluma from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, September 17th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeluma in a report on Friday, July 17th.

Aeluma Price Performance

NASDAQ ALMU opened at $11.40 on Monday. The company has a market capitalization of $220.25 million, a PE ratio of -21.92 and a beta of 4.10. The company has a fifty day moving average of $14.23 and a 200 day moving average of $17.66. Aeluma has a 1 year low of $10.24 and a 1 year high of $31.79.

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

Insider Buying and Selling

In other news, Director Steven Denbaars sold 12,500 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 357,709 shares of the company's stock, valued at $4,950,692.56. This trade represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Klamkin sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $13.35, for a total transaction of $1,335,000.00. Following the sale, the chief executive officer directly owned 1,226,995 shares in the company, valued at $16,380,383.25. The trade was a 7.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.78% of the company's stock.

Hedge Funds Weigh In On Aeluma

Several large investors have recently made changes to their positions in ALMU. Squarepoint Ops LLC purchased a new stake in Aeluma during the second quarter worth $269,000. Fortitude Advisory Group L.L.C. grew its position in Aeluma by 6.0% during the second quarter. Fortitude Advisory Group L.L.C. now owns 37,567 shares of the company's stock valued at $829,000 after buying an additional 2,132 shares during the period. JNBA Financial Advisors increased its holdings in Aeluma by 107.2% in the second quarter. JNBA Financial Advisors now owns 3,340 shares of the company's stock valued at $74,000 after buying an additional 1,728 shares in the last quarter. Wedbush Securities Inc. purchased a new position in Aeluma in the second quarter valued at $1,135,000. Finally, Bank of America Corp DE acquired a new position in shares of Aeluma in the second quarter worth about $509,000.

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.

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