REalloys (NASDAQ:ALOY) Sees Strong Trading Volume – Time to Buy?

REalloys Inc (NASDAQ:ALOY) shares saw an uptick in trading volume on Friday . 1,325,906 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 1,316,242 shares.The stock last traded at $16.44 and had previously closed at $14.06.

Analysts Set New Price Targets

A number of brokerages have weighed in on ALOY. Needham & Company LLC began coverage on shares of REalloys in a research report on Monday, June 1st. They issued a “buy” rating and a $19.00 price objective for the company. Weiss Ratings upgraded shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Up 13.0%

The business’s 50-day simple moving average is $10.27 and its two-hundred day simple moving average is $10.90. The firm has a market cap of $972.26 million, a price-to-earnings ratio of -5.47 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $0.60 million.

Insider Buying and Selling at REalloys

In related news, insider Gust Kepler sold 62,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were 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 $5,339,270.02. This represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 1,422 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys during the fourth quarter worth $81,000. Corient Private Wealth LLC purchased a new stake in shares of REalloys during the second quarter worth $62,000. Canton Hathaway LLC purchased a new stake in shares of REalloys during the fourth quarter worth $95,000. Finally, Franklin Resources Inc. purchased a new stake in shares of REalloys during the fourth quarter worth $741,000. 3.58% of the stock is 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.