REalloys Inc (NASDAQ:ALOY – Get Free Report)’s share price traded up 7.4% during trading on Tuesday . The stock traded as high as $8.87 and last traded at $9.0210. Approximately 234,332 shares changed hands during trading, a decline of 85% from the average daily volume of 1,610,373 shares. The stock had previously closed at $8.40.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on ALOY shares. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Clear Str raised shares of REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of REalloys in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, REalloys has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.
Read Our Latest Analysis on REalloys
REalloys Trading Up 8.3%
REalloys (NASDAQ:ALOY – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.96). REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%. The company had revenue of $0.71 million during the quarter, compared to analyst estimates of $0.60 million.
Hedge Funds Weigh In On REalloys
Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of REalloys in the 4th quarter valued at about $741,000. Geode Capital Management LLC raised its position in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after buying an additional 1,422 shares during the last quarter. Corient Private Wealth LLC bought a new stake in REalloys in the 2nd quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. bought a new stake in REalloys in the 4th quarter valued at approximately $81,000. Finally, Canton Hathaway LLC acquired a new position in REalloys during the 4th quarter worth approximately $95,000. Institutional investors own 3.58% of the company’s stock.
REalloys Company Profile
REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.
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