REalloys (NASDAQ:ALOY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of REalloys (NASDAQ:ALOY) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently issued reports 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. Needham & Company LLC dropped 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, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Up 5.8%

Shares of ALOY stock opened at $12.98 on Friday. The stock has a market cap of $892.76 million, a P/E ratio of -4.45 and a beta of 1.36. REalloys has a fifty-two week low of $5.64 and a fifty-two week high of $26.90. The business has a fifty day simple moving average of $12.39 and a 200-day simple moving average of $11.94.

REalloys (NASDAQ:ALOY) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) EPS for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The business 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%.

Hedge Funds Weigh In On REalloys

A number of large investors have recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of REalloys in the 2nd quarter valued at $47,000. Corient Private Wealth LLC purchased a new position in shares of REalloys in the 2nd quarter worth $62,000. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys in the 4th quarter worth $81,000. Geode Capital Management LLC raised its position in shares of REalloys by 5.7% in the 4th 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 during the period. Finally, Franklin Resources Inc. purchased a new stake in REalloys during the fourth quarter valued at about $741,000. 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.