REalloys (NASDAQ:ALOY) Stock Price Down 3.7% – Here’s What Happened

REalloys Inc (NASDAQ:ALOY)’s share price was down 3.7% during trading on Tuesday . The stock traded as low as $13.64 and last traded at $13.6390. Approximately 368,457 shares changed hands during trading, a decline of 71% from the average daily volume of 1,282,021 shares. The stock had previously closed at $14.17.

Analysts Set New Price Targets

ALOY has been the subject of several recent analyst reports. Needham & Company LLC initiated coverage on REalloys in a research report on Monday, June 1st. They issued a “buy” rating and a $19.00 price target for the company. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings raised REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Finally, Clear Str raised REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.00.

REalloys Stock Performance

The stock has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $10.76. The firm has a market cap of $769.29 million, a PE ratio of -4.26 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last issued its earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share 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 during the quarter, compared to analysts’ expectations of $0.60 million.

Insiders Place Their Bets

In other REalloys news, insider Gust Kepler sold 62,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On REalloys

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC purchased a new stake in shares of REalloys during the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys during the 4th quarter valued at about $81,000. Canton Hathaway LLC purchased a new stake in shares of REalloys during the 4th quarter valued at about $95,000. Geode Capital Management LLC increased its position 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 purchasing an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of REalloys during the 4th quarter valued at about $741,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

About REalloys

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.