REalloys (NASDAQ:ALOY) Trading Down 11% – Here’s Why

REalloys Inc (NASDAQ:ALOY)’s share price dropped 11% during trading on Monday . The stock traded as low as $12.81 and last traded at $13.1050. Approximately 806,016 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,836,893 shares. The stock had previously closed at $14.72.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALOY. Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC reduced their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Down 8.0%

The stock has a fifty day moving average price of $12.42 and a 200-day moving average price of $11.96. The firm has a market cap of $931.21 million, a price-to-earnings ratio of -4.30 and a beta of 1.36.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.The company had revenue of $0.80 million for the quarter.

Institutional Trading of REalloys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of REalloys during the second quarter worth about $479,000. Dayah Capital LLC acquired a new stake in REalloys in the second quarter valued at about $1,288,000. Legal & General Group Plc acquired a new stake in REalloys in the second quarter valued at about $80,000. The Manufacturers Life Insurance Company purchased a new stake in REalloys in the 2nd quarter valued at approximately $216,000. Finally, Quantbot Technologies LP purchased a new stake in REalloys in the 2nd quarter valued at approximately $132,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.