Traders Purchase High Volume of REalloys Put Options (NASDAQ:ALOY)

REalloys Inc (NASDAQ:ALOY) saw some unusual options trading activity on Wednesday. Investors acquired 7,638 put options on the stock. This represents an increase of 390% compared to the typical volume of 1,560 put options.

Institutional Trading of REalloys

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming purchased a new position in shares of REalloys during the second quarter worth $47,000. Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter valued at $62,000. Pekin Hardy Strauss Inc. purchased a new stake in REalloys in the fourth quarter valued at $81,000. Quantbot Technologies LP acquired a new stake in REalloys during the 2nd quarter worth about $132,000. Finally, Geode Capital Management LLC grew its position 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 during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALOY. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Needham & Company LLC lowered their price objective on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Saturday. One equities 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 company’s stock. According to data from MarketBeat.com, REalloys presently has an average rating of “Moderate Buy” and an average price target of $16.00.

REalloys Trading Up 0.5%

Shares of ALOY stock traded up $0.07 during mid-day trading on Wednesday, reaching $12.82. The stock had a trading volume of 1,189,489 shares, compared to its average volume of 1,813,833. The business’s fifty day moving average is $12.41 and its 200-day moving average is $11.95. The firm has a market cap of $881.79 million, a price-to-earnings ratio of -4.39 and a beta of 1.35. REalloys has a 1-year low of $5.64 and a 1-year high of $26.90.

REalloys (NASDAQ:ALOY) last released its earnings results on Wednesday, May 20th. The company reported ($1.98) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $0.60 million.

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.