REalloys (NASDAQ:ALOY) Shares Up 8.9% – Still a Buy?

REalloys Inc (NASDAQ:ALOY) shot up 8.9% on Friday . The stock traded as high as $9.30 and last traded at $9.4670. 302,405 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,022,307 shares. The stock had previously closed at $8.69.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALOY. Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a report on Wednesday, January 21st. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Clear Str raised shares of REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

REalloys Price Performance

The stock has a market cap of $566.07 million, a P/E ratio of -8.49 and a beta of 1.70. The company’s 50 day simple moving average is $12.61 and its 200 day simple moving average is $10.51.

REalloys (NASDAQ:ALOY) last issued its earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. REalloys had a negative net margin of 182.07% and a negative return on equity of 96.75%. The firm had revenue of $0.63 million during the quarter.

Insider Activity

In other news, insider Gust Kepler sold 62,000 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total transaction of $799,180.00. Following the completion of the sale, the insider owned 414,218 shares of the company’s stock, valued at $5,339,270.02. This represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On REalloys

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new stake in shares of REalloys during the fourth quarter worth $741,000. Geode Capital Management LLC increased its position in shares of REalloys by 5.7% during 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 in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys during the fourth quarter worth $81,000. Canton Hathaway LLC bought a new stake in shares of REalloys during the fourth quarter worth $95,000. Finally, Corient Private Wealth LLC bought a new stake in shares of REalloys during the second quarter worth $62,000. 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.