REalloys (NASDAQ:ALOY) Sees Strong Trading Volume – What’s Next?

REalloys Inc (NASDAQ:ALOY) shares saw unusually-strong trading volume on Friday . Approximately 1,325,906 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 1,316,242 shares.The stock last traded at $16.44 and had previously closed at $14.06.

Analyst Upgrades and Downgrades

A number of analysts have commented on ALOY shares. Weiss Ratings upgraded shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Needham & Company LLC started coverage on shares of REalloys in a report on Monday, June 1st. They issued a “buy” rating and a $19.00 price objective for the company. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Performance

The firm’s 50 day moving average price is $10.27 and its two-hundred day moving average price is $10.90. The firm has a market cap of $972.26 million, a PE ratio of -5.47 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings results on Tuesday, May 19th. 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 net margin of 4,326.08% and a negative return on equity of 382.09%. The firm had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $0.60 million.

Insider Buying and Selling at REalloys

In other news, insider Gust Kepler sold 62,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total value of $799,180.00. Following the completion of the sale, the insider owned 414,218 shares of the company’s stock, valued at $5,339,270.02. This represents a 13.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 20.10% of the stock is currently owned by company insiders.

Institutional Trading of REalloys

Several hedge funds have recently made changes to their positions in ALOY. Corient Private Wealth LLC purchased a new stake in shares of REalloys in the 2nd quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys in the 4th quarter valued at approximately $81,000. Canton Hathaway LLC purchased a new stake in shares of REalloys in the 4th quarter valued at approximately $95,000. Geode Capital Management LLC grew its stake 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 valued at $213,000 after buying an additional 1,422 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of REalloys in the 4th quarter valued at approximately $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.