Aeluma (NASDAQ:ALMU) Coverage Initiated by Analysts at Craig Hallum

Equities researchers at Craig Hallum assumed coverage on shares of Aeluma (NASDAQ:ALMU) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $26.00 price target on the stock. Craig Hallum’s price objective indicates a potential upside of 51.60% from the company’s current price.

Aeluma Price Performance

Shares of NASDAQ:ALMU opened at $17.15 on Monday. Aeluma has a fifty-two week low of $2.50 and a fifty-two week high of $19.50.

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.