REalloys (NASDAQ:ALOY) Stock Price Down 9.2% – What’s Next?

REalloys Inc (NASDAQ:ALOY) fell 9.2% on Monday . The company traded as low as $8.17 and last traded at $8.07. 498,151 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,601,485 shares. The stock had previously closed at $8.89.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of REalloys in a report on Thursday, July 2nd. Clear Str upgraded REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One 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. According to data from MarketBeat.com, REalloys currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Trading Up 7.1%

The company has a market capitalization of $619.04 million, a P/E ratio of -3.08 and a beta of 1.31. The firm’s 50 day moving average price is $12.45 and its two-hundred day moving average price is $12.02.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $0.60 million.

Institutional Investors Weigh In On REalloys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new position in shares of REalloys during the 4th quarter worth about $741,000. Geode Capital Management LLC raised its holdings in REalloys by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after acquiring an additional 1,422 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in REalloys during the fourth quarter worth about $81,000. Canton Hathaway LLC acquired a new position in REalloys during the fourth quarter valued at approximately $95,000. Finally, Corient Private Wealth LLC acquired a new position in REalloys during the second quarter valued at approximately $62,000. 3.58% of the stock is owned by institutional investors.

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.