USA Rare Earth (NASDAQ:USAR) Hits New 1-Year Low – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price hit a new 52-week low on Monday. The company traded as low as $8.86 and last traded at $8.9310, with a volume of 7,238,632 shares traded. The stock had previously closed at $9.62.

Analysts Set New Price Targets

A number of research firms have recently commented on USAR. Wall Street Zen downgraded USA Rare Earth from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 24th. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Texas Capital raised shares of USA Rare Earth to a “strong-buy” rating in a research note on Tuesday, October 20th. Jefferies Financial Group started coverage on shares of USA Rare Earth in a research report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 price objective for the company. Finally, Needham & Company LLC decreased their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.71.

USA Rare Earth Stock Performance

The stock’s 50-day simple moving average is $13.68 and its two-hundred day simple moving average is $18.68.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. On average, equities research analysts expect that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On USA Rare Earth

A number of large investors have recently modified their holdings of USAR. Carlson Financial Inc. raised its stake in USA Rare Earth by 5.7% in the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock worth $254,000 after acquiring an additional 635 shares during the last quarter. Sterling Capital Management LLC grew its stake in USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after purchasing an additional 829 shares during the last quarter. First PREMIER Bank grew its stake in USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after purchasing an additional 1,000 shares during the last quarter. State of Wyoming increased its holdings in shares of USA Rare Earth by 100.4% in the first quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after purchasing an additional 1,257 shares during the period. Finally, Ameritas Advisory Services LLC increased its holdings in shares of USA Rare Earth by 276.3% in the second quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock valued at $43,000 after purchasing an additional 1,459 shares during the period.

USA Rare Earth Company Profile

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.