REalloys (NASDAQ:ALOY) Shares Gap Up – Here’s Why

REalloys Inc (NASDAQ:ALOYGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $12.27, but opened at $13.06. REalloys shares last traded at $12.9210, with a volume of 1,234,760 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on ALOY shares. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reduced their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. One research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Get Our Latest Research Report on REalloys

REalloys Stock Down 1.8%

The firm has a 50 day moving average of $12.41 and a 200-day moving average of $11.95. The company has a market cap of $876.95 million, a P/E ratio of -4.37 and a beta of 1.35.

REalloys (NASDAQ:ALOYGet Free Report) last issued its earnings results on Wednesday, May 20th. 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 firm had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $0.60 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALOY. State of Wyoming purchased a new position in REalloys during the 2nd quarter valued at about $47,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys in the 4th quarter worth approximately $81,000. Corient Private Wealth LLC bought a new position in shares of REalloys during the second quarter valued at approximately $62,000. Geode Capital Management LLC boosted its stake in shares of REalloys by 5.7% during 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 in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of REalloys during the second quarter valued at approximately $818,000. 3.58% of the stock is currently owned by institutional investors.

About REalloys

(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.

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