USA Rare Earth (NASDAQ:USAR) Shares Down 12.4% – Time to Sell?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) were down 12.4% during trading on Thursday . The company traded as low as $18.69 and last traded at $19.08. Approximately 31,214,800 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 26,224,227 shares. The stock had previously closed at $21.77.

Analysts Set New Price Targets

Several equities research analysts have issued reports on USAR shares. Benchmark started coverage on USA Rare Earth in a report on Wednesday, January 21st. They set a “buy” rating on the stock. William Blair initiated coverage on USA Rare Earth in a research note on Monday, October 20th. They issued an “outperform” rating on the stock. Roth Mkm increased their price objective on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth Stock Performance

The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -37.31 and a beta of 0.93. The firm’s 50-day simple moving average is $18.18 and its two-hundred day simple moving average is $17.99.

Insider Activity at USA Rare Earth

In other news, Director Carolyn Trabuco acquired 1,300 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were purchased at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the transaction, the director owned 1,300 shares of the company’s stock, valued at approximately $29,380. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Blitzer bought 100,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the transaction, the director owned 847,500 shares of the company’s stock, valued at $18,170,400. The trade was a 13.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 46.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of USAR. Larson Financial Group LLC raised its holdings in USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after purchasing an additional 1,433 shares during the period. NewEdge Advisors LLC lifted its holdings in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares in the last quarter. Center for Financial Planning Inc. acquired a new position in USA Rare Earth in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. increased its holdings in shares of USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after acquiring an additional 2,612 shares in the last quarter. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth during the fourth quarter worth about $33,000.

About USA Rare Earth

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.