Wall Street Zen Downgrades REalloys (NASDAQ:ALOY) to Sell

REalloys (NASDAQ:ALOY) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts have also weighed in on ALOY. Needham & Company LLC decreased their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

REalloys Price Performance

Shares of ALOY opened at $12.50 on Friday. The firm has a market cap of $862.38 million, a price-to-earnings ratio of -3.96 and a beta of 1.36. The business’s 50 day moving average is $12.29 and its two-hundred day moving average is $11.99. 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 Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. The company had revenue of $0.80 million for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.

Hedge Funds Weigh In On REalloys

Hedge funds have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of REalloys in the second quarter valued at $47,000. Legal & General Group Plc acquired a new position in REalloys during the second quarter worth about $80,000. Quantbot Technologies LP acquired a new position in REalloys during the second quarter worth about $132,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys in the 4th quarter worth approximately $81,000. Finally, Corient Private Wealth LLC bought a new position in shares of REalloys in the second quarter valued at $62,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.