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

Shares of Aeluma, Inc. (NASDAQ:ALMU) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $25.3333.

ALMU has been the topic of several research reports. Williams Trading set a $25.00 price target on shares of Aeluma in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Aeluma in a report on Tuesday, March 3rd. Freedom Capital raised Aeluma to a “strong-buy” rating in a report on Tuesday. Finally, Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Aeluma in a research report on Tuesday, March 3rd.

Insider Buying and Selling at Aeluma

In related news, Director Steven Denbaars sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $17.58, for a total transaction of $219,750.00. Following the transaction, the director owned 397,588 shares of the company’s stock, valued at approximately $6,989,597.04. This represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Mark N. Tompkins sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $18.82, for a total transaction of $846,900.00. Following the sale, the insider owned 1,949,988 shares in the company, valued at approximately $36,698,774.16. This trade represents a 2.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 297,000 shares of company stock worth $5,174,095. Corporate insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in Aeluma in the 4th quarter valued at $27,000. Quantbot Technologies LP acquired a new stake in shares of Aeluma during the third quarter worth $29,000. BNP Paribas Financial Markets grew its position in shares of Aeluma by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock valued at $31,000 after purchasing an additional 855 shares during the period. Osaic Holdings Inc. acquired a new position in Aeluma in the second quarter valued at $32,000. Finally, State of Wyoming acquired a new position in Aeluma in the fourth quarter valued at $35,000.

Aeluma Trading Down 1.8%

NASDAQ:ALMU opened at $12.85 on Thursday. The firm has a 50-day moving average price of $15.35 and a two-hundred day moving average price of $16.28. Aeluma has a twelve month low of $5.79 and a twelve month high of $25.88. The company has a market capitalization of $231.34 million and a P/E ratio of -91.78.

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