REalloys (NASDAQ:ALOY) Sees Large Volume Increase – Should You Buy?

REalloys Inc (NASDAQ:ALOY) saw strong trading volume on Monday . 1,030,498 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 1,153,777 shares.The stock last traded at $11.1810 and had previously closed at $9.16.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings downgraded REalloys from a “sell (d-)” rating to a “sell (e-)” rating in a research report on Thursday, May 14th. Finally, Needham & Company LLC assumed coverage on REalloys in a research report on Monday. They issued a “buy” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

REalloys Stock Up 22.3%

The company has a market cap of $685.92 million, a P/E ratio of -3.85 and a beta of 1.41. The firm has a 50 day moving average of $9.90 and a 200-day moving average of $10.54.

REalloys (NASDAQ:ALOY) last posted its earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.The company had revenue of $0.71 million for the quarter, compared to analysts’ expectations of $0.60 million.

Insider Transactions at REalloys

In other REalloys news, insider Gust Kepler sold 62,000 shares of REalloys stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total transaction of $799,180.00. Following the completion of the transaction, the insider owned 414,218 shares in the company, valued at approximately $5,339,270.02. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 20.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On REalloys

A number of institutional investors have recently modified their holdings of ALOY. Franklin Resources Inc. acquired a new stake in shares of REalloys during the 4th quarter valued at about $741,000. Canton Hathaway LLC acquired a new stake in shares of REalloys during the 4th quarter valued at about $95,000. Corient Private Wealth LLC acquired a new stake in shares of REalloys during the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys during the 4th quarter valued at about $81,000. Finally, Geode Capital Management LLC grew its position in shares of REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.