REalloys (NASDAQ:ALOY) Shares Gap Up – Here’s What Happened

REalloys Inc (NASDAQ:ALOY) shares gapped up prior to trading on Monday . The stock had previously closed at $12.27, but opened at $13.06. REalloys shares last traded at $12.9210, with a volume of 1,234,760 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALOY. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Needham & Company LLC reduced their price target on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, REalloys has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Performance

The business’s 50 day moving average is $12.35 and its 200-day moving average is $11.93. The stock has a market cap of $914.50 million, a price-to-earnings ratio of -4.57 and a beta of 1.36.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in REalloys in the 2nd quarter worth about $61,089,000. Deutsche Bank AG acquired a new position in shares of REalloys during the second quarter valued at approximately $818,000. Bank of New York Mellon Corp purchased a new position in shares of REalloys in the second quarter valued at approximately $2,294,000. State of Wyoming purchased a new position in shares of REalloys in the second quarter valued at approximately $47,000. Finally, Franklin Resources Inc. acquired a new stake in shares of REalloys in the fourth quarter worth approximately $741,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

REalloys Company Profile

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.