REalloys (NASDAQ:ALOY) Issues Quarterly Earnings Results

REalloys (NASDAQ:ALOY) announced its quarterly earnings data on Thursday. The company reported ($0.59) EPS for the quarter, FiscalAI reports. The company had revenue of $0.80 million during the quarter. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

REalloys Trading Up 3.3%

ALOY opened at $12.95 on Friday. The company has a 50 day moving average of $12.37 and a 200 day moving average of $11.96. The company has a market cap of $890.70 million, a PE ratio of -4.43 and a beta of 1.35. REalloys has a 12 month low of $5.64 and a 12 month high of $26.90.

Analyst Ratings Changes

A number of analysts have issued reports on ALOY shares. Needham & Company LLC decreased their target price on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Hedge Funds Weigh In On REalloys

Several hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of REalloys during the 2nd quarter valued at $47,000. Corient Private Wealth LLC bought a new position in REalloys in the 2nd quarter worth about $62,000. Pekin Hardy Strauss Inc. bought a new position in REalloys in the 4th quarter worth about $81,000. Quantbot Technologies LP purchased a new position in REalloys during the 2nd quarter valued at about $132,000. Finally, Geode Capital Management LLC grew its holdings in REalloys by 5.7% during 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 in the last quarter. 3.58% of the stock is currently owned by hedge funds and other 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.