REalloys (NASDAQ:ALOY) Stock Price Down 10.7% – What’s Next?

Shares of REalloys Inc (NASDAQ:ALOY) traded down 10.7% during trading on Monday . The company traded as low as $11.21 and last traded at $10.9670. Approximately 325,028 shares changed hands during trading, a decline of 80% from the average daily volume of 1,594,810 shares. The stock had previously closed at $12.28.

Analyst Ratings Changes

Several research analysts have commented on the stock. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of REalloys in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, REalloys presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

REalloys Stock Performance

The stock has a market cap of $730.26 million, a price-to-earnings ratio of -3.67 and a beta of 1.31. The company’s 50 day simple moving average is $12.40 and its two-hundred day simple moving average is $11.95.

REalloys (NASDAQ:ALOY) last issued its earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The company had revenue of $0.71 million for the quarter, compared to analyst estimates of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Institutional Trading of REalloys

A number of institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new position in REalloys in the 4th quarter worth about $741,000. Geode Capital Management LLC raised 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 worth $213,000 after purchasing an additional 1,422 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of REalloys during the 4th quarter valued at about $95,000. Corient Private Wealth LLC acquired a new stake in shares of REalloys during the 2nd quarter valued at about $62,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys during the 4th quarter valued at about $81,000. Institutional investors and hedge funds 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.