REalloys Inc (NASDAQ:ALOY – Get Free Report) dropped 3.7% during trading on Tuesday . The stock traded as low as $13.64 and last traded at $13.6390. Approximately 368,457 shares changed hands during trading, a decline of 71% from the average daily volume of 1,282,021 shares. The stock had previously closed at $14.17.
Wall Street Analysts Forecast Growth
ALOY has been the subject of a number of recent research reports. Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Needham & Company LLC initiated coverage on REalloys in a research note on Monday, June 1st. They set a “buy” rating and a $19.00 price objective for the company. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
Get Our Latest Stock Analysis on ALOY
REalloys Trading Down 11.3%
REalloys (NASDAQ:ALOY – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million.
Insiders Place Their Bets
In other news, insider Gust Kepler sold 62,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total transaction of $799,180.00. Following the completion of the transaction, the insider directly owned 414,218 shares in the company, valued at approximately $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 can be accessed through the SEC website. 20.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new position in shares of REalloys during the 4th quarter valued at approximately $741,000. Geode Capital Management LLC boosted its position in shares of REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of REalloys during the 4th quarter valued at approximately $95,000. Corient Private Wealth LLC bought a new position in shares of REalloys during the 2nd quarter valued at approximately $62,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of REalloys during the 4th quarter valued at approximately $81,000. 3.58% of the stock is currently owned by institutional investors.
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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