USA Rare Earth (NASDAQ:USAR) Reaches New 1-Year Low – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares reached a new 52-week low during trading on Tuesday. The stock traded as low as $11.40 and last traded at $11.46, with a volume of 1,693,612 shares traded. The stock had previously closed at $11.82.

Analysts Set New Price Targets

USAR has been the topic of a number of recent research reports. Roth Capital dropped their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings downgraded shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Needham & Company LLC decreased their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of USA Rare Earth in a report on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, USA Rare Earth currently has a consensus rating of “Moderate Buy” and an average price target of $33.71.

USA Rare Earth Price Performance

The company’s fifty day simple moving average is $16.33 and its 200-day simple moving average is $19.17. The firm has a market capitalization of $2.53 billion, a PE ratio of -4.25 and a beta of 2.66.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. As a group, equities research analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in USA Rare Earth during the 2nd quarter valued at approximately $335,795,000. Inflection Point Holdings II LLC purchased a new position in shares of USA Rare Earth in the fourth quarter worth $37,188,000. Bank of America Corp DE purchased a new position in shares of USA Rare Earth in the second quarter worth $32,762,000. Weiss Asset Management LP acquired a new stake in shares of USA Rare Earth during the first quarter worth $17,103,000. Finally, Korea Investment CORP acquired a new stake in shares of USA Rare Earth during the second quarter worth $18,108,000.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-based critical minerals company focused on developing a domestic, vertically integrated supply chain for rare earth elements and rare earth permanent magnets. The company’s activities span the planned mining and processing of rare earth materials and the manufacture of neodymium-iron-boron (NdFeB) magnets, which are used in electric vehicles, renewable energy systems, electronics, aerospace and defense applications.

The company’s principal resource project is the Round Top rare earth and critical minerals project in Hudspeth County, Texas.