Aeluma Inc (NASDAQ:ALMU) shares, rose in value on Thursday, April 16, with the stock price down by -1.59% to the previous day’s close as strong demand from buyers drove the stock to $6.80.
Actively observing the price movement in the last trading, the stock closed the session at $6.91, falling within a range of $6.65 and $7.0. The value of beta (5-year monthly) was -2.086. Referring to stock’s 52-week performance, its high was $18.00, and the low was $2.50. On the whole, ALMU has fluctuated by 15.06% over the past month.
With the market capitalization of Aeluma Inc currently standing at about $107.44 million, investors are eagerly awaiting this quarter’s results, scheduled for in May.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALMU’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 75% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ALMU currently trading nearly 4.60% and 6.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.00, while the 7-day volatility ratio is showing 8.06% which for the 30-day chart, stands at 9.11%. Furthermore, Aeluma Inc (ALMU)’s average true range (ATR) is 0.58.
A comparison of Aeluma Inc (ALMU) with its peers suggests the former has fared considerably weaker in the market. ALMU showed an intraday change of -1.59% in last session, and over the past year, it grew by 95.40%%.
Data on historical trading for Aeluma Inc (NASDAQ:ALMU) indicates that the trading volumes over the past 10 days have averaged 52770.0 and over the past 3 months, they’ve averaged 36.07K. According to company’s latest data on outstanding shares, there are 12.24 million shares outstanding.
The data on short interest also indicates that stock shorts accounted for 0.11 million shares as on 2025-03-31, resulting in a short ratio of 2.42. The stock has fallen by -11.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALMU stock heading into the next quarter.
