REalloys (NASDAQ:ALOY) Sees Strong Trading Volume – Here’s Why

Shares of REalloys Inc (NASDAQ:ALOY) saw strong trading volume on Thursday . 1,020,214 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 1,450,688 shares.The stock last traded at $14.1080 and had previously closed at $16.67.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ALOY shares. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Clear Str upgraded REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC initiated coverage on REalloys in a report on Monday, June 1st. They set a “buy” rating and a $19.00 price objective on the stock. One 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Performance

The business’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $11.53. The stock has a market capitalization of $852.35 million, a P/E ratio of -4.79 and a beta of 1.41.

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

Hedge Funds Weigh In On REalloys

Several large investors have recently modified their holdings of ALOY. Franklin Resources Inc. purchased a new position in REalloys during the fourth quarter worth $741,000. Geode Capital Management LLC lifted its holdings in shares of REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after acquiring an additional 1,422 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys in the 4th quarter worth about $81,000. Canton Hathaway LLC purchased a new position in shares of REalloys during the 4th quarter worth about $95,000. Finally, Corient Private Wealth LLC purchased a new position in shares of REalloys during the 2nd quarter worth about $62,000. Institutional investors own 3.58% of the company’s stock.

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.