REalloys (NASDAQ:ALOY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of REalloys (NASDAQ:ALOY) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Needham & Company LLC dropped their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Performance

NASDAQ ALOY opened at $10.10 on Friday. The business’s 50-day moving average price is $11.02 and its 200 day moving average price is $11.96. REalloys has a twelve month low of $5.92 and a twelve month high of $26.90. The company has a market capitalization of $701.14 million, a PE ratio of -3.20 and a beta of 1.37.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. The business had revenue of $0.80 million during 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

A number of large investors have recently modified their holdings of ALOY. BlackRock Inc. acquired a new position in shares of REalloys in the 2nd quarter valued at about $61,089,000. Dayah Capital LLC acquired a new stake in REalloys during the 2nd quarter worth approximately $1,288,000. Legacy Wealth Managment LLC ID acquired a new stake in REalloys during the 2nd quarter worth approximately $4,987,000. Deutsche Bank AG purchased a new position in REalloys in the second quarter valued at approximately $818,000. Finally, California State Teachers Retirement System purchased a new position in REalloys in the second quarter valued at approximately $164,000. 3.58% of the stock is currently owned by hedge funds and other 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.