REalloys (NASDAQ:ALOY – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $19.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 26.75% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Clear Str raised shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, REalloys presently has an average rating of “Moderate Buy” and an average target price of $19.00.
View Our Latest Research Report on REalloys
REalloys Stock Performance
REalloys (NASDAQ:ALOY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) EPS 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 during the quarter, compared to the consensus estimate of $0.60 million.
Hedge Funds Weigh In On REalloys
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC bought a new position in shares of REalloys in the second quarter worth $62,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys during the 4th quarter valued at $81,000. Canton Hathaway LLC purchased a new stake in REalloys during the 4th quarter worth about $95,000. Geode Capital Management LLC lifted its holdings in REalloys by 5.7% during 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. bought a new position in REalloys in the 4th quarter worth about $741,000. Institutional investors own 3.58% of the company’s stock.
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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