USA Rare Earth (NASDAQ:USAR) Stock Price Down 8.1% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR) traded down 8.1% during trading on Thursday . The company traded as low as $15.70 and last traded at $15.91. 12,164,916 shares changed hands during trading, a decline of 30% from the average daily volume of 17,497,672 shares. The stock had previously closed at $17.31.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on USAR. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Northland Securities initiated coverage on shares of USA Rare Earth in a research note on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price objective for the company. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Canaccord Genuity Group lifted their price target on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Wedbush boosted their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.83.

USA Rare Earth Trading Down 1.6%

The stock has a market cap of $3.49 billion, a PE ratio of -3.99 and a beta of 2.45. The business’s 50-day moving average price is $22.53 and its 200-day moving average price is $20.50.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. As a group, analysts predict that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Insider Activity at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director owned 18,783 shares of the company’s stock, valued at $427,688.91. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On USA Rare Earth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after acquiring an additional 1,433 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of USA Rare Earth in the 1st quarter valued at approximately $27,000. Center for Financial Planning Inc. acquired a new stake in USA Rare Earth in the 4th quarter worth approximately $28,000. Finally, Havemeyer Place LP purchased a new stake in USA Rare Earth during the 4th quarter worth approximately $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.