REalloys (NASDAQ:ALOY) Upgraded by Wall Street Zen to “Hold” Rating

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

Other equities analysts have also issued research reports about the stock. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Needham & Company LLC reduced 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 equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, REalloys has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Performance

Shares of NASDAQ ALOY opened at $12.27 on Friday. The firm has a market cap of $843.93 million, a price-to-earnings ratio of -4.20 and a beta of 1.35. The business’s 50-day simple moving average is $12.35 and its 200-day simple moving average is $11.92. REalloys has a 52 week low of $5.64 and a 52 week high of $26.90.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million.

Institutional Trading of REalloys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALOY. BlackRock Inc. bought a new position in REalloys in the 2nd quarter worth approximately $61,089,000. Bank of New York Mellon Corp bought a new stake in shares of REalloys in the second quarter valued at approximately $2,294,000. Franklin Resources Inc. bought a new stake in shares of REalloys in the fourth quarter valued at approximately $741,000. Deutsche Bank AG acquired a new stake in shares of REalloys in the second quarter worth $818,000. Finally, Geode Capital Management LLC grew its stake in shares of REalloys by 5.7% in 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 during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

About REalloys

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.