REalloys (NASDAQ:ALOY) Trading Down 7.9% – What’s Next?

REalloys Inc (NASDAQ:ALOY) fell 7.9% during mid-day trading on Wednesday . The stock traded as low as $10.01 and last traded at $10.0490. 2,117,051 shares were traded during trading, an increase of 20% from the average session volume of 1,760,378 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

ALOY has been the topic of a number of research analyst reports. Needham & Company LLC reduced their target price on REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen lowered REalloys from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Up 14.8%

The stock has a 50 day simple moving average of $12.29 and a 200 day simple moving average of $11.92. The company has a market capitalization of $844.21 million, a price-to-earnings ratio of -4.19 and a beta of 1.35.

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

Institutional Investors Weigh In On REalloys

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC acquired a new position in shares of REalloys during the second quarter valued at $62,000. Canton Hathaway LLC bought a new stake in REalloys in the 4th quarter valued at about $95,000. Pekin Hardy Strauss Inc. bought a new stake in REalloys in the 4th quarter valued at about $81,000. Geode Capital Management LLC lifted its position in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in REalloys during the 4th quarter valued at about $741,000. 3.58% of the stock is currently owned by institutional investors.

About REalloys

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.