REalloys (NASDAQ:ALOY) Trading Down 6.6% – Here’s Why

REalloys Inc (NASDAQ:ALOY)’s share price was down 6.6% during trading on Wednesday . The stock traded as low as $9.04 and last traded at $9.12. Approximately 1,281,710 shares changed hands during trading, an increase of 62% from the average daily volume of 791,418 shares. The stock had previously closed at $9.76.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of REalloys in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, REalloys currently has an average rating of “Sell”.

REalloys Stock Down 7.3%

The firm has a fifty day moving average of $13.38 and a 200-day moving average of $10.06. The firm has a market cap of $516.73 million, a P/E ratio of -7.72 and a beta of 1.45.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings results on Monday, February 23rd. The company reported ($0.40) earnings per share for the quarter. REalloys had a negative net margin of 182.07% and a negative return on equity of 96.75%. The company had revenue of $0.63 million during the quarter.

Insider Buying and Selling at REalloys

In related news, insider Gust Kepler sold 62,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total transaction of $799,180.00. Following the transaction, the insider directly owned 414,218 shares in the company, valued at approximately $5,339,270.02. The trade was a 13.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ALOY. Franklin Resources Inc. acquired a new position in shares of REalloys during the 4th quarter worth about $741,000. Canton Hathaway LLC acquired a new stake in REalloys in the 4th quarter valued at about $95,000. Corient Private Wealth LLC acquired a new stake in REalloys in the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. bought a new position in REalloys during the fourth quarter worth about $81,000. Finally, Geode Capital Management LLC grew its holdings in REalloys by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after purchasing an additional 1,422 shares during the period. Institutional investors 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.