REalloys (NASDAQ:ALOY) Stock Price Up 14.5% – Still a Buy?

REalloys Inc (NASDAQ:ALOY)’s share price was up 14.5% on Monday . The company traded as high as $9.45 and last traded at $10.05. Approximately 634,569 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,720,293 shares. The stock had previously closed at $8.78.

Analyst Ratings Changes

A number of brokerages have commented on ALOY. Clear Str raised REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Wall Street Zen lowered REalloys from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Needham & Company LLC dropped their price target 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, Weiss Ratings upgraded 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 issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Trading Up 15.0%

The stock’s fifty day simple moving average is $12.26 and its 200 day simple moving average is $11.92. The company has a market cap of $694.49 million, a price-to-earnings ratio of -3.45 and a beta of 1.31.

REalloys (NASDAQ:ALOY) last issued its earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The company had revenue of $0.71 million for the quarter, compared to analyst estimates of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Hedge Funds Weigh In On REalloys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. purchased a new stake in REalloys in the 4th quarter valued at $741,000. Geode Capital Management LLC increased 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 acquiring an additional 1,422 shares during the last quarter. Canton Hathaway LLC purchased a new position in shares of REalloys during the 4th quarter worth $95,000. Corient Private Wealth LLC purchased a new position in shares of REalloys during the 2nd quarter worth $62,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of REalloys during the 4th quarter valued at about $81,000. Institutional investors and hedge funds 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.