REalloys (NASDAQ:ALOY) Stock Price Down 7.6% – Here’s What Happened

REalloys Inc (NASDAQ:ALOY) dropped 7.6% during trading on Wednesday . The stock traded as low as $10.65 and last traded at $10.75. Approximately 436,779 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,191,370 shares. The stock had previously closed at $11.64.

Analyst Ratings Changes

ALOY has been the subject of a number of research reports. Needham & Company LLC initiated coverage on shares of REalloys in a report on Monday. They set a “buy” rating and a $19.00 target price for the company. Clear Str raised shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday. Finally, Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.00.

REalloys Price Performance

The firm has a market cap of $841.03 million, a PE ratio of -4.71 and a beta of 1.41. The stock’s fifty day moving average price is $9.93 and its 200-day moving average price is $10.68.

REalloys (NASDAQ:ALOY) last released its earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.The business had revenue of $0.71 million for the quarter, compared to analysts’ expectations of $0.60 million.

Insider Buying and Selling at REalloys

In other news, insider Gust Kepler sold 62,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total transaction of $799,180.00. Following the transaction, the insider owned 414,218 shares of the company’s stock, valued at approximately $5,339,270.02. The trade was a 13.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALOY. Franklin Resources Inc. acquired a new position in shares of REalloys during the 4th quarter valued at about $741,000. Canton Hathaway LLC acquired a new position in shares of REalloys during the 4th quarter valued at about $95,000. Corient Private Wealth LLC acquired a new position in shares of REalloys during the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. acquired a new position in shares of REalloys during the 4th quarter valued at about $81,000. Finally, Geode Capital Management LLC lifted its position in REalloys by 5.7% in the fourth 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 during the last quarter. Institutional investors and hedge funds 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.