REalloys (NASDAQ:ALOY) Announces Earnings Results

REalloys (NASDAQ:ALOY) posted its earnings results on Thursday. The company reported ($0.59) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.80 million during the quarter. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

REalloys Price Performance

Shares of ALOY traded up $0.41 during mid-day trading on Thursday, hitting $12.95. The stock had a trading volume of 2,636,476 shares, compared to its average volume of 1,824,542. The firm has a market cap of $890.70 million, a P/E ratio of -4.43 and a beta of 1.35. The business has a fifty day moving average price of $12.39 and a 200-day moving average price of $11.96. REalloys has a 52 week low of $5.64 and a 52 week high of $26.90.

Analyst Upgrades and Downgrades

ALOY has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Needham & Company LLC dropped their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. bought a new position in REalloys during the fourth quarter worth about $741,000. Geode Capital Management LLC increased its stake 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 worth $213,000 after purchasing an additional 1,422 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of REalloys in the second quarter valued at approximately $62,000. Quantbot Technologies LP bought a new stake in shares of REalloys in the second quarter valued at approximately $132,000. Finally, BlackRock Inc. purchased a new stake in shares of REalloys during the 2nd quarter valued at approximately $61,089,000. Institutional investors own 3.58% of the company’s stock.

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.