REalloys (NASDAQ:ALOY – Get Free Report) was upgraded by stock analysts at Needham & Company LLC to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.
Several other research analysts have also issued reports on the company. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Clear Str upgraded REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, REalloys currently has an average rating of “Moderate Buy” and an average target price of $19.00.
Check Out Our Latest Analysis on ALOY
REalloys Trading Up 18.3%
REalloys (NASDAQ:ALOY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 19th. 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 return on equity of 382.09% and a negative net margin of 4,326.08%.The company had revenue of $0.71 million for the quarter, compared to the consensus estimate of $0.60 million.
Insider Activity
In related news, insider Gust Kepler sold 62,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the transaction, the insider directly owned 414,218 shares of the company’s stock, valued at $5,339,270.02. This represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.10% of the company’s stock.
Hedge Funds Weigh In On REalloys
Several hedge funds have recently made changes to their positions in ALOY. Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter valued at $62,000. Pekin Hardy Strauss Inc. purchased a new stake in REalloys in the fourth quarter valued at $81,000. Canton Hathaway LLC purchased a new stake in REalloys in the fourth quarter valued at $95,000. Geode Capital Management LLC boosted its holdings in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in REalloys in the fourth quarter valued at $741,000. 3.58% of the stock is owned by institutional investors and hedge funds.
About REalloys
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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