Northland Securities Comments on Aeluma Q1 Earnings

Key Points

• Northland Securities forecasts Aeluma will post a Q1 2027 loss of $0.13 per share and maintains an “Outperform” rating with a $16 price target. It estimates a full-year 2027 loss of $0.57 per share.
• Analyst views are mixed, but MarketBeat’s consensus rating is “Moderate Buy”, with an average price target of $22.75. Shares opened at $7.50, near their 52-week low of $6.59.
• Aeluma reported a quarterly loss of $0.15 per share on $0.58 million in revenue. Insiders sold 212,500 shares worth $2.56 million over the last quarter.

Aeluma, Inc. (NASDAQ:ALMU - Free Report) - Northland Securities issued their Q1 2027 earnings per share (EPS) estimates for shares of Aeluma in a research note issued on Monday, November 2nd. Northland Securities analyst T. Savageaux anticipates that the company will post earnings of ($0.13) per share for the quarter. Northland Securities has an "Outperform" rating and a $16.00 price objective on the stock. Northland Securities also issued estimates for Aeluma's Q2 2027 earnings at ($0.15) EPS, Q3 2027 earnings at ($0.14) EPS, Q4 2027 earnings at ($0.14) EPS, FY2027 earnings at ($0.57) EPS and FY2028 earnings at ($0.43) EPS.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeluma in a research note on Thursday, October 15th. Freedom Broker dropped their target price on shares of Aeluma from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Aeluma presently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Aeluma Stock Performance

Shares of NASDAQ ALMU opened at $7.50 on Wednesday. The company's 50 day simple moving average is $11.31 and its 200 day simple moving average is $16.49. Aeluma has a fifty-two week low of $6.59 and a fifty-two week high of $31.79.

Aeluma (NASDAQ:ALMU - Get Free Report) last released its earnings results on Wednesday, September 16th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business 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%.

Insider Buying and Selling

In related news, CEO Jonathan Klamkin sold 100,000 shares of the business's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $10.53, for a total transaction of $1,053,000.00. Following the completion of the transaction, the chief executive officer owned 1,126,995 shares in the company, valued at approximately $11,867,257.35. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 business'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 transaction, the director owned 357,709 shares of the company's stock, valued at approximately $4,950,692.56. This represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 212,500 shares of company stock worth $2,561,000 over the last quarter. 12.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aeluma

A number of hedge funds and other institutional investors have recently made changes to their positions in ALMU. BlackRock Inc. acquired a new position in Aeluma in the second quarter valued at about $21,489,000. Wedbush Securities Inc. increased its holdings in shares of Aeluma by 586.0% in the third quarter. Wedbush Securities Inc. now owns 352,775 shares of the company's stock worth $4,360,000 after acquiring an additional 301,350 shares in the last quarter. AWM Investment Company Inc. bought a new stake in shares of Aeluma in the second quarter worth about $2,901,000. Bank of New York Mellon Corp bought a new stake in shares of Aeluma in the second quarter worth about $2,047,000. Finally, Bank of America Corp DE acquired a new stake in shares of Aeluma during the second quarter worth about $509,000.

About Aeluma

Aeluma, Inc is a semiconductor company developing technologies designed to manufacture high-performance compound semiconductor devices on large-diameter silicon substrates. Its approach is intended to combine the performance characteristics of compound semiconductors with the scalability and manufacturing infrastructure associated with silicon wafers.

The company's technology is applicable to products such as photodetectors, light-emitting devices, laser components and other optoelectronic devices.

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