REalloys (NASDAQ:ALOY) Trading Down 7.9% – Here’s Why

REalloys Inc (NASDAQ:ALOY) traded down 7.9% during mid-day trading on Wednesday . The stock traded as low as $10.01 and last traded at $10.0490. Approximately 2,117,051 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 1,760,378 shares. The stock had previously closed at $10.91.

Analysts Set New Price Targets

A number of research firms have recently commented on ALOY. Clear Str raised REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Needham & Company LLC decreased their price target on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen cut REalloys from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Price Performance

The stock has a market capitalization of $683.67 million, a P/E ratio of -3.40 and a beta of 1.35. The stock’s fifty day moving average price is $12.26 and its 200 day moving average price is $11.92.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The company had revenue of $0.71 million for 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%.

Institutional Trading of REalloys

Several institutional investors and hedge funds have recently modified their holdings of ALOY. Corient Private Wealth LLC purchased a new stake in shares of REalloys in the second quarter valued at approximately $62,000. Canton Hathaway LLC bought a new position in REalloys in the fourth quarter worth approximately $95,000. Pekin Hardy Strauss Inc. bought a new position in REalloys in the fourth quarter worth approximately $81,000. Geode Capital Management LLC increased its holdings in REalloys by 5.7% during 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 period. Finally, Franklin Resources Inc. purchased a new position in REalloys during the 4th quarter worth $741,000. 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.