REalloys (NASDAQ:ALOY) Shares Down 5.9% – Here’s What Happened

REalloys Inc (NASDAQ:ALOYGet Free Report) shares traded down 5.9% on Wednesday . The stock traded as low as $11.44 and last traded at $11.44. 1,087,594 shares traded hands during trading, a decline of 42% from the average daily volume of 1,872,708 shares. The stock had previously closed at $12.16.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of REalloys from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Needham & Company LLC decreased their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Read Our Latest Report on REalloys

REalloys Stock Down 1.1%

The firm has a market cap of $787.87 million, a P/E ratio of -3.61 and a beta of 1.35. The firm has a fifty day moving average of $11.92 and a 200-day moving average of $12.00.

REalloys (NASDAQ:ALOYGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. The company had revenue of $0.80 million for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

Institutional Investors Weigh In On REalloys

Several large investors have recently made changes to their positions in ALOY. California State Teachers Retirement System acquired a new position in REalloys during the second quarter worth $164,000. Legacy Wealth Managment LLC ID bought a new stake in REalloys during the second quarter worth $4,987,000. Bank of America Corp DE acquired a new stake in REalloys in the second quarter valued at $479,000. Dayah Capital LLC acquired a new stake in REalloys in the second quarter valued at $1,288,000. Finally, Legal & General Group Plc acquired a new stake in REalloys in the second quarter valued at $80,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

REalloys Company Profile

(Get Free Report)

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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