Aeluma (NASDAQ:ALMU) Stock Rated Outperform in New Coverage at Northland Securities

Northland Securities initiated coverage on shares of Aeluma (NASDAQ:ALMU) in a research report released on Monday morning, Marketbeat.com reports. The firm issued an outperform rating and a $16.00 price target on the stock. Northland Securities also issued estimates for Aeluma’s Q1 2027 earnings at ($0.13) EPS, 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.

A number of other research analysts also recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a report on Thursday, October 15th. Freedom Broker dropped their price objective on Aeluma from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Aeluma Stock Down 3.2%

ALMU opened at $7.26 on Monday. Aeluma has a twelve month low of $6.59 and a twelve month high of $31.79. The company has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $16.42.

Aeluma (NASDAQ:ALMU) last posted its quarterly earnings data on Wednesday, September 16th. The company reported ($0.15) earnings per share for the quarter. Aeluma had a negative net margin of 205.31% and a negative return on equity of 18.14%. The firm had revenue of $0.58 million during the quarter. Equities research analysts forecast that Aeluma will post -0.57 earnings per share for the current fiscal year.

Insider Activity

In other Aeluma news, CEO Jonathan Klamkin sold 100,000 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $10.53, for a total value of $1,053,000.00. Following the completion of the sale, the chief executive officer directly owned 1,126,995 shares of the company’s stock, valued at approximately $11,867,257.35. This represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Denbaars sold 12,500 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $13.84, for a total value of $173,000.00. Following the completion of the transaction, the director directly owned 357,709 shares in the company, valued at $4,950,692.56. This represents a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 212,500 shares of company stock valued at $2,561,000 in the last 90 days. Insiders own 12.78% of the company’s stock.

Institutional Trading of Aeluma

Several large investors have recently added to or reduced their stakes in ALMU. Legal & General Group Plc acquired a new stake in shares of Aeluma during the second quarter worth approximately $26,000. JNBA Financial Advisors increased its stake in Aeluma by 107.2% in the 2nd 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 during the period. State of Wyoming purchased a new stake in Aeluma in the 2nd quarter worth approximately $81,000. Wealthfront Advisers LLC purchased a new stake in Aeluma in the 2nd quarter worth approximately $211,000. Finally, Secure Asset Management LLC acquired a new stake in shares of Aeluma during the 3rd quarter valued at $136,000.

Aeluma Company Profile

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.