Needham & Company LLC Lowers REalloys (NASDAQ:ALOY) Price Target to $16.00

REalloys (NASDAQ:ALOY) had its target price cut by stock analysts at Needham & Company LLC from $19.00 to $16.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 77.78% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Clear Str upgraded shares of 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 report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Up 7.1%

Shares of ALOY opened at $9.00 on Wednesday. The firm has a market capitalization of $619.04 million, a PE ratio of -3.08 and a beta of 1.31. The firm has a 50-day moving average price of $12.45 and a 200 day moving average price of $12.02. REalloys has a 52-week low of $5.64 and a 52-week high of $26.90.

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

Institutional Investors Weigh In On REalloys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC bought a new stake in REalloys in the second quarter worth about $62,000. Canton Hathaway LLC bought a new position in shares of REalloys during the 4th quarter valued at about $95,000. Pekin Hardy Strauss Inc. acquired a new position in shares of REalloys in the 4th quarter worth approximately $81,000. Geode Capital Management LLC grew its stake 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 purchasing an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of REalloys in the 4th quarter worth approximately $741,000. 3.58% of the stock is currently owned by institutional investors.

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.