REalloys (NASDAQ:ALOY) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of REalloys (NASDAQ:ALOY) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other brokerages have also recently issued reports on ALOY. Needham & Company LLC cut their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Finally, Clear Str raised REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Price Performance

NASDAQ:ALOY opened at $7.03 on Friday. The business has a 50 day moving average of $12.37 and a 200 day moving average of $11.97. The company has a market capitalization of $483.52 million, a price-to-earnings ratio of -2.41 and a beta of 1.31. REalloys has a 1-year low of $5.64 and a 1-year high of $26.90.

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

Institutional Investors Weigh In On REalloys

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. bought a new stake in shares of REalloys in the 4th quarter worth approximately $741,000. Geode Capital Management LLC raised 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 valued at $213,000 after acquiring an additional 1,422 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter worth $62,000. Pekin Hardy Strauss Inc. bought a new stake in REalloys in the fourth quarter valued at $81,000. Finally, Canton Hathaway LLC purchased a new position in REalloys during the 4th quarter valued at $95,000. Hedge funds and other institutional investors 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.