Needham & Company LLC Cuts REalloys (NASDAQ:ALOY) Price Target to $16.00

REalloys (NASDAQ:ALOY) had its price target reduced by Needham & Company LLC from $19.00 to $16.00 in a report published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also issued reports on ALOY. Clear Str upgraded REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

REalloys Trading Down 5.9%

Shares of REalloys stock opened at $7.03 on Wednesday. The company has a market capitalization of $483.52 million, a PE ratio of -2.41 and a beta of 1.31. REalloys has a 12 month low of $5.64 and a 12 month high of $26.90. The stock’s fifty day simple moving average is $12.37 and its 200 day simple moving average is $11.97.

REalloys (NASDAQ:ALOY) last posted its earnings results on Wednesday, May 20th. 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 business had revenue of $0.71 million for the quarter, compared to the consensus estimate of $0.60 million.

Institutional Trading of REalloys

Several hedge funds and other institutional investors have recently modified their holdings of ALOY. Corient Private Wealth LLC bought a new stake in shares of REalloys in the second quarter valued at about $62,000. Pekin Hardy Strauss Inc. bought a new position in shares of REalloys during the fourth quarter worth about $81,000. Canton Hathaway LLC bought a new position in shares of REalloys during the fourth quarter worth about $95,000. Geode Capital Management LLC raised 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 buying an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in REalloys in the 4th quarter valued at approximately $741,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.