REalloys (NASDAQ:ALOY) Trading Down 5.9% – Time to Sell?

REalloys Inc (NASDAQ:ALOY) was down 5.9% during mid-day trading on Wednesday . The company traded as low as $11.44 and last traded at $11.44. Approximately 1,087,594 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,872,708 shares. The stock had previously closed at $12.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of REalloys from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Finally, Needham & Company LLC reduced their price objective on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Price Performance

The stock has a market cap of $789.25 million, a PE ratio of -3.62 and a beta of 1.35. The company’s fifty day moving average is $12.15 and its 200-day moving average is $11.98.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. The business had revenue of $0.80 million during the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

Institutional Trading of REalloys

A number of hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in REalloys during the second quarter worth about $47,000. Corient Private Wealth LLC acquired a new position in REalloys in the second quarter valued at approximately $62,000. Legal & General Group Plc acquired a new position in REalloys in the second quarter valued at approximately $80,000. Pekin Hardy Strauss Inc. purchased a new stake in REalloys in the 4th quarter worth approximately $81,000. Finally, Quantbot Technologies LP purchased a new stake in REalloys in the 2nd quarter worth approximately $132,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.