USA Rare Earth (NASDAQ:USAR) Shares Down 5.8% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares traded down 5.8% during trading on Tuesday . The stock traded as low as $13.46 and last traded at $14.06. Approximately 13,002,391 shares changed hands during trading, a decline of 24% from the average session volume of 17,090,145 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on USAR shares. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Needham & Company LLC lowered their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Wedbush upped their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Roth Capital reduced their target price on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price target on shares of USA Rare Earth in a research note on Thursday, June 4th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Trading Up 12.1%

The company has a fifty day moving average price of $21.09 and a two-hundred day moving average price of $20.57. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of -3.74 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. As a group, equities research analysts expect that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares during the period. NewEdge Advisors LLC boosted its holdings in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. Ascentis Independent Advisors acquired a new position in USA Rare Earth in the 1st quarter valued at about $27,000. Center for Financial Planning Inc. purchased a new stake in shares of USA Rare Earth in the 4th quarter valued at approximately $28,000. Finally, Havemeyer Place LP purchased a new stake in shares of USA Rare Earth in the 4th quarter valued at approximately $33,000.

USA Rare Earth Company Profile

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.