REalloys (NASDAQ:ALOY) Trading Down 11.7% – Time to Sell?

REalloys Inc (NASDAQ:ALOY)’s share price traded down 11.7% during mid-day trading on Thursday . The company traded as low as $13.35 and last traded at $13.2310. Approximately 1,939,948 shares were traded during mid-day trading, an increase of 23% from the average session volume of 1,583,488 shares. The stock had previously closed at $14.99.

Wall Street Analyst Weigh In

ALOY has been the topic of several research reports. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of REalloys in a report on Thursday. Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Clear Str raised shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

REalloys Price Performance

The stock has a market cap of $913.40 million, a price-to-earnings ratio of -4.55 and a beta of 1.31. The business’s 50 day simple moving average is $12.01 and its 200 day simple moving average is $11.76.

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). REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%. The firm had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALOY. Pekin Hardy Strauss Inc. bought a new stake in REalloys in the 4th quarter valued at $81,000. Corient Private Wealth LLC acquired a new position in shares of REalloys in the second quarter valued at $62,000. Canton Hathaway LLC bought a new position in shares of REalloys in the fourth quarter valued at about $95,000. Geode Capital Management LLC raised its position in shares of REalloys by 5.7% in the fourth 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 period. Finally, Franklin Resources Inc. acquired a new stake in shares of REalloys during the 4th quarter worth about $741,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.