REalloys (NASDAQ:ALOY) Trading Down 9.2% – Here’s What Happened

REalloys Inc (NASDAQ:ALOY)’s share price traded down 9.2% during mid-day trading on Monday . The company traded as low as $8.17 and last traded at $8.07. 498,151 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,601,485 shares. The stock had previously closed at $8.89.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALOY. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of REalloys in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

REalloys Stock Down 8.2%

The stock has a market cap of $561.38 million, a P/E ratio of -2.80 and a beta of 1.31. The firm’s fifty day moving average price is $12.47 and its 200-day moving average price is $12.01.

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

Hedge Funds Weigh In On REalloys

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. purchased a new stake in shares of REalloys during the fourth quarter worth about $741,000. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 1,422 shares during the period. Corient Private Wealth LLC bought a new position in REalloys during the 2nd quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. bought a new position in REalloys during the 4th quarter valued at approximately $81,000. Finally, Canton Hathaway LLC purchased a new stake in REalloys in the 4th quarter worth approximately $95,000. 3.58% of the stock is owned by institutional investors.

REalloys Company Profile

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.