REalloys (NASDAQ:ALOY) Trading Down 8.6% – Time to Sell?

Shares of REalloys Inc (NASDAQ:ALOYGet Free Report) were down 8.6% during trading on Wednesday . The stock traded as low as $16.67 and last traded at $17.5180. 576,506 shares traded hands during trading, a decline of 60% from the average session volume of 1,443,732 shares. The stock had previously closed at $19.17.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Needham & Company LLC started coverage on shares of REalloys in a research report on Monday, June 1st. They issued a “buy” rating and a $19.00 price objective on the stock. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Check Out Our Latest Research Report on REalloys

REalloys Stock Performance

The company has a market cap of $1.06 billion, a price-to-earnings ratio of -5.93 and a beta of 1.41. The company’s fifty day moving average is $11.52 and its two-hundred day moving average is $11.48.

REalloys (NASDAQ:ALOYGet Free Report) last released its quarterly earnings data on Tuesday, May 19th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The business had revenue of $0.71 million during the quarter, compared to analyst estimates of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Hedge Funds Weigh In On REalloys

A number of institutional investors have recently modified their holdings of ALOY. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys in the fourth quarter worth about $81,000. Corient Private Wealth LLC acquired a new position in REalloys in the second quarter valued at approximately $62,000. Canton Hathaway LLC purchased a new stake in REalloys in the 4th quarter worth approximately $95,000. Geode Capital Management LLC boosted 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 worth $213,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of REalloys during the 4th quarter worth approximately $741,000. Hedge funds and other institutional investors 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.

Further Reading

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