USA Rare Earth (NASDAQ:USAR) Stock Price Down 2.2% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) traded down 2.2% during trading on Tuesday . The stock traded as low as $11.45 and last traded at $12.10. 5,997,265 shares traded hands during trading, an increase of 8% from the average session volume of 5,578,264 shares. The stock had previously closed at $12.37.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald began coverage on USA Rare Earth in a research report on Friday, August 1st. They set an “overweight” rating and a $16.00 target price on the stock. William Blair began coverage on shares of USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating on the stock. Roth Capital set a $40.00 price objective on shares of USA Rare Earth in a report on Friday, October 10th. Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of USA Rare Earth in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Price Performance

The company has a market cap of $1.65 billion, a PE ratio of -23.90 and a beta of 0.77. The company’s fifty day moving average price is $20.67 and its 200 day moving average price is $15.44.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC grew its stake in USA Rare Earth by 2.0% in the 3rd quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after purchasing an additional 1,032 shares during the period. XTX Topco Ltd purchased a new position in shares of USA Rare Earth in the 3rd quarter worth about $686,000. Alyeska Investment Group L.P. boosted its holdings in shares of USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after buying an additional 3,909,455 shares during the last quarter. Voleon Capital Management LP bought a new position in USA Rare Earth during the third quarter valued at about $814,000. Finally, Wexford Capital LP purchased a new stake in USA Rare Earth during the third quarter worth about $1,207,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.