REalloys (NASDAQ:ALOY) Trading 9.8% Higher – Still a Buy?

Shares of REalloys Inc (NASDAQ:ALOY) rose 9.8% during mid-day trading on Friday . The stock traded as high as $12.50 and last traded at $12.15. 911,481 shares were traded during trading, a decline of 51% from the average daily volume of 1,858,363 shares. The stock had previously closed at $11.07.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALOY shares. Needham & Company LLC dropped their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.00.

REalloys Stock Up 11.6%

The stock has a market capitalization of $852.03 million, a P/E ratio of -3.91 and a beta of 1.35. The stock has a 50 day simple moving average of $12.34 and a two-hundred day simple moving average of $11.98.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. The firm 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

Large investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in REalloys during the 2nd quarter valued at $47,000. Corient Private Wealth LLC acquired a new position in shares of REalloys in the second quarter valued at $62,000. Legal & General Group Plc bought a new position in shares of REalloys in the second quarter valued at about $80,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys during the 4th quarter worth about $81,000. Finally, Quantbot Technologies LP bought a new stake in shares of REalloys during the 2nd quarter worth about $132,000. 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.