REalloys (NASDAQ:ALOY) Trading Up 7.4% – Still a Buy?

REalloys Inc (NASDAQ:ALOY) traded up 7.4% during mid-day trading on Tuesday . The stock traded as high as $8.87 and last traded at $9.0210. 234,332 shares were traded during trading, a decline of 85% from the average session volume of 1,610,373 shares. The stock had previously closed at $8.40.

Wall Street Analyst Weigh In

ALOY has been the subject of a number of analyst reports. Clear Str raised shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Needham & Company LLC dropped 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. Finally, Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

REalloys Trading Down 9.0%

The company has a market capitalization of $563.31 million, a P/E ratio of -2.80 and a beta of 1.31. The company has a 50 day moving average price of $12.43 and a 200 day moving average price of $12.02.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings results 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). REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%. The business had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million.

Hedge Funds Weigh In On REalloys

Large investors have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new stake in shares of REalloys during the 2nd quarter worth about $62,000. Pekin Hardy Strauss Inc. acquired a new position in REalloys in the 4th quarter valued at about $81,000. Canton Hathaway LLC acquired a new position in REalloys in the 4th quarter valued at about $95,000. Geode Capital Management LLC raised its holdings in REalloys by 5.7% in 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 period. Finally, Franklin Resources Inc. bought a new position in REalloys in the 4th quarter valued at about $741,000. 3.58% of the stock is 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.