REalloys (NASDAQ:ALOY) Shares Gap Down – Here’s Why

Shares of REalloys Inc (NASDAQ:ALOY) gapped down before the market opened on Monday . The stock had previously closed at $12.50, but opened at $11.90. REalloys shares last traded at $11.4490, with a volume of 453,463 shares.

Wall Street Analyst Weigh In

ALOY has been the topic of several research reports. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Wall Street Zen cut REalloys from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Needham & Company LLC decreased their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. One investment 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Trading Up 9.6%

The company has a market cap of $838.92 million, a P/E ratio of -3.85 and a beta of 1.35. The business has a 50 day moving average price of $12.15 and a 200-day moving average price of $11.98.

REalloys (NASDAQ:ALOY) last issued its earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. The firm had revenue of $0.80 million for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.

Institutional Investors Weigh In On REalloys

Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new stake in REalloys during the second quarter worth approximately $62,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys during the 4th quarter valued at $81,000. Geode Capital Management LLC grew its holdings in shares of REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after purchasing an additional 1,422 shares in the last quarter. Franklin Resources Inc. bought a new position in REalloys in the 4th quarter valued at about $741,000. Finally, State of Wyoming bought a new stake in shares of REalloys during the 2nd quarter worth $47,000. 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.