REalloys (NASDAQ:ALOY) Shares Down 11% – Here’s What Happened

REalloys Inc (NASDAQ:ALOY) dropped 11% during trading on Monday . The stock traded as low as $12.81 and last traded at $13.1050. Approximately 806,016 shares traded hands during trading, a decline of 56% from the average daily volume of 1,836,893 shares. The stock had previously closed at $14.72.

Wall Street Analyst Weigh In

ALOY has been the topic of a number of research reports. Needham & Company LLC dropped their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Down 2.5%

The company has a fifty day simple moving average of $12.43 and a 200-day simple moving average of $11.97. The firm has a market cap of $928.53 million, a P/E ratio of -4.27 and a beta of 1.36.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.The company had revenue of $0.80 million during the quarter.

Hedge Funds Weigh In On REalloys

Large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC bought a new position in shares of REalloys in the second quarter worth approximately $62,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys during the 4th quarter valued at $81,000. Geode Capital Management LLC lifted its stake in shares of 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. Franklin Resources Inc. purchased a new position in shares of REalloys during the 4th quarter valued at $741,000. Finally, State of Wyoming bought a new position in REalloys in the 2nd quarter worth $47,000. 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.