REalloys (NASDAQ:ALOY) Stock Rating Upgraded by Wall Street Zen

REalloys (NASDAQ:ALOY) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also recently issued reports on ALOY. Needham & Company LLC lowered their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, REalloys presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Price Performance

Shares of ALOY stock opened at $12.27 on Friday. The stock has a 50-day simple moving average of $12.35 and a 200 day simple moving average of $11.93. The stock has a market capitalization of $843.93 million, a P/E ratio of -4.20 and a beta of 1.36. REalloys has a fifty-two week low of $5.64 and a fifty-two week high of $26.90.

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

Institutional Investors Weigh In On REalloys

A number of institutional investors and hedge funds have recently modified their holdings of ALOY. Franklin Resources Inc. purchased a new stake in shares of REalloys during the fourth quarter valued at $741,000. Geode Capital Management LLC increased its stake in REalloys by 5.7% in 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. BlackRock Inc. purchased a new position in REalloys in the 2nd quarter worth about $61,089,000. Deutsche Bank AG acquired a new stake in REalloys during the 2nd quarter worth about $818,000. Finally, Bank of New York Mellon Corp acquired a new stake in REalloys during the 2nd quarter worth about $2,294,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.