USA Rare Earth (NASDAQ:USAR) Trading Down 3.4% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 3.4% during trading on Tuesday . The stock traded as low as $15.73 and last traded at $16.34. 11,128,575 shares changed hands during trading, an increase of 112% from the average session volume of 5,259,200 shares. The stock had previously closed at $16.91.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of USA Rare Earth from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. William Blair initiated coverage on shares of USA Rare Earth in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Canaccord Genuity Group increased their price target on shares of USA Rare Earth from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Cantor Fitzgerald began coverage on shares of USA Rare Earth in a report on Friday, August 1st. They set an “overweight” rating and a $16.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, USA Rare Earth has an average rating of “Moderate Buy” and an average price target of $26.00.

USA Rare Earth Price Performance

The firm has a market capitalization of $1.86 billion, a P/E ratio of -60.52 and a beta of 0.77. The company’s 50-day simple moving average is $20.54 and its two-hundred day simple moving average is $15.04.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.05.

Insider Activity at USA Rare Earth

In other news, Director Michael Blitzer sold 2,091,849 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were 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 SEC, which is available through this hyperlink. 46.60% of the stock is owned by insiders.

Hedge Funds Weigh In On USA Rare Earth

Institutional investors and hedge funds have recently made changes to their positions in the business. Newtyn Management LLC purchased a new stake in USA Rare Earth in the 1st quarter valued at about $4,114,000. Titleist Asset Management LLC bought a new stake in shares of USA Rare Earth in the 1st quarter valued at about $145,000. International Assets Investment Management LLC bought a new stake in shares of USA Rare Earth in the 2nd quarter valued at about $250,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of USA Rare Earth in the 3rd quarter valued at about $574,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of USA Rare Earth in the 3rd quarter valued at about $2,081,000.

USA Rare Earth Company Profile

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.