REalloys (NASDAQ:ALOY) Shares Down 7.1% – Should You Sell?

Shares of REalloys Inc (NASDAQ:ALOY) traded down 7.1% on Thursday . The company traded as low as $8.88 and last traded at $8.86. 1,511,571 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 1,858,019 shares. The stock had previously closed at $9.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALOY shares. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Needham & Company LLC decreased their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Down 4.3%

The business has a 50-day moving average price of $10.64 and a 200-day moving average price of $11.87. The firm has a market capitalization of $583.81 million, a PE ratio of -2.66 and a beta of 1.37.

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

Institutional Investors Weigh In On REalloys

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in REalloys during the second quarter worth about $61,089,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of REalloys during the 2nd quarter valued at approximately $4,987,000. Bank of New York Mellon Corp acquired a new position in REalloys in the second quarter valued at approximately $2,294,000. Franklin Resources Inc. purchased a new position in REalloys in the fourth quarter worth approximately $741,000. Finally, Dayah Capital LLC purchased a new stake in REalloys in the second quarter valued at $1,288,000. 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.