Aeluma, Inc. (NASDAQ:ALMU) Given Consensus Rating of “Moderate Buy” by Analysts

Aeluma, Inc. (NASDAQ:ALMU) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.3333.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Aeluma from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a research note on Monday, April 20th. Finally, Freedom Capital upgraded shares of Aeluma to a “strong-buy” rating in a research note on Tuesday, March 31st.

Insiders Place Their Bets

In other news, Director Steven Denbaars sold 12,500 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $19.99, for a total transaction of $249,875.00. Following the sale, the director directly owned 382,709 shares of the company’s stock, valued at $7,650,352.91. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jonathan Klamkin sold 20,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $24.96, for a total value of $499,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,403 shares in the company, valued at approximately $59,978.88. The trade was a 89.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 14.70% of the company’s stock.

Institutional Trading of Aeluma

Several large investors have recently added to or reduced their stakes in ALMU. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aeluma in the fourth quarter valued at about $27,000. Quantbot Technologies LP purchased a new position in shares of Aeluma in the third quarter worth about $29,000. BNP Paribas Financial Markets lifted its holdings in shares of Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after purchasing an additional 855 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of Aeluma during the second quarter worth about $32,000. Finally, State of Wyoming purchased a new stake in Aeluma in the fourth quarter valued at approximately $35,000.

Aeluma Stock Performance

ALMU stock traded down $0.65 on Friday, hitting $17.60. 352,145 shares of the company’s stock were exchanged, compared to its average volume of 590,059. Aeluma has a 12-month low of $10.24 and a 12-month high of $31.79. The firm has a 50 day moving average price of $23.20 and a two-hundred day moving average price of $18.76. The stock has a market cap of $322.26 million, a P/E ratio of -50.28 and a beta of 3.88.

Aeluma (NASDAQ:ALMU) last announced its earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. Aeluma had a negative return on equity of 12.03% and a negative net margin of 115.57%.The company had revenue of $1.22 million for the quarter, compared to analyst estimates of $1.37 million.

About Aeluma

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. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.