REalloys (NASDAQ:ALOY) Trading 9.8% Higher – Here’s What Happened

Shares of REalloys Inc (NASDAQ:ALOY) traded up 9.8% on Monday . The company traded as high as $13.90 and last traded at $13.70. 778,913 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,267,321 shares. The stock had previously closed at $12.48.

Analyst Ratings Changes

A number of analysts have recently commented on ALOY shares. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Needham & Company LLC started coverage on REalloys in a research note on Monday, June 1st. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, REalloys has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Price Performance

The business’s fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $10.79. The company has a market cap of $766.96 million, a PE ratio of -4.29 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last released its quarterly earnings data on Tuesday, May 19th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The firm 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%.

Insider Transactions at REalloys

In other REalloys news, insider Gust Kepler sold 62,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total transaction of $799,180.00. Following the transaction, the insider owned 414,218 shares in the company, valued at approximately $5,339,270.02. This represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On REalloys

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in REalloys by 5.7% during the fourth 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 in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in REalloys during the fourth quarter worth approximately $81,000. Corient Private Wealth LLC purchased a new position in REalloys during the second quarter worth approximately $62,000. Canton Hathaway LLC purchased a new position in REalloys during the fourth quarter worth approximately $95,000. Finally, Franklin Resources Inc. purchased a new position in REalloys during the fourth quarter worth approximately $741,000. 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.