USA Rare Earth (NASDAQ:USAR) Sees Strong Trading Volume – Time to Buy?

USA Rare Earth Inc. (NASDAQ:USAR) shares saw strong trading volume on Friday . 15,541,665 shares were traded during mid-day trading, an increase of 407% from the previous session’s volume of 3,066,935 shares.The stock last traded at $27.46 and had previously closed at $22.71.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canaccord Genuity Group increased their target price on USA Rare Earth from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research note on Saturday, September 27th. Cantor Fitzgerald started coverage on USA Rare Earth in a research note on Friday, August 1st. They issued an “overweight” rating and a $16.00 target price on the stock. Wall Street Zen lowered USA Rare Earth from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Finally, Roth Capital reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, September 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.67.

USA Rare Earth Price Performance

The stock’s 50 day moving average is $15.58.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05.

Insider Activity at USA Rare Earth

In other news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total transaction of $32,946,621.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 46.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after acquiring an additional 2,612 shares during the period. Osaic Holdings Inc. bought a new position in shares of USA Rare Earth during the 2nd quarter worth approximately $38,000. LMR Partners LLP bought a new position in shares of USA Rare Earth during the 2nd quarter worth approximately $145,000. Finally, Diametric Capital LP bought a new position in shares of USA Rare Earth during the 2nd quarter worth approximately $147,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.