REalloys (NASDAQ:ALOY) Trading 7.7% Higher – Time to Buy?

REalloys Inc (NASDAQ:ALOYGet Free Report) shares traded up 7.7% during mid-day trading on Monday . The company traded as high as $7.66 and last traded at $7.57. 402,947 shares were traded during trading, a decline of 75% from the average daily volume of 1,635,792 shares. The stock had previously closed at $7.03.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC cut their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen cut shares of REalloys from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, REalloys has an average rating of “Moderate Buy” and a consensus price target of $16.00.

View Our Latest Stock Analysis on REalloys

REalloys Price Performance

The stock has a market cap of $504.16 million, a price-to-earnings ratio of -2.51 and a beta of 1.31. The stock’s 50-day moving average is $12.32 and its 200 day moving average is $11.96.

REalloys (NASDAQ:ALOYGet Free Report) last announced its quarterly earnings data on Wednesday, May 20th. 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 analysts’ expectations of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALOY. Franklin Resources Inc. purchased a new position in REalloys in the fourth quarter worth $741,000. Canton Hathaway LLC purchased a new stake in shares of REalloys during the 4th quarter worth $95,000. Corient Private Wealth LLC purchased a new stake in shares of REalloys during the 2nd quarter worth $62,000. Pekin Hardy Strauss Inc. acquired a new position in shares of REalloys during the 4th quarter worth $81,000. Finally, Geode Capital Management LLC grew its stake 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 worth $213,000 after purchasing an additional 1,422 shares during the period. 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.

Further Reading

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