USA Rare Earth (NASDAQ:USAR) Stock Price Down 4.5% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares were down 4.5% on Monday. The stock traded as low as $8.89 and last traded at $8.91. 14,129,333 shares changed hands during trading, a decline of 11% from the average session volume of 15,868,953 shares. The stock had previously closed at $9.33.

Wall Street Analyst Weigh In

USAR has been the topic of several research analyst reports. Weiss Ratings cut USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Roth Capital decreased their target price on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Texas Capital raised USA Rare Earth to a “strong-buy” rating in a research note on Tuesday, October 20th. Jefferies Financial Group initiated coverage on USA Rare Earth in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Wall Street Zen cut shares of USA Rare Earth from a “sell” rating to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.71.

USA Rare Earth Stock Up 0.8%

The business has a 50-day moving average price of $14.76 and a 200-day moving average price of $18.92. The firm has a market capitalization of $2.56 billion, a PE ratio of -4.31 and a beta of 2.66.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. On average, equities research analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of USA Rare Earth in the second quarter valued at about $38,000. Ascentis Independent Advisors purchased a new position in USA Rare Earth during the first quarter worth about $27,000. Ameritas Advisory Services LLC raised its stake in USA Rare Earth by 276.3% during the second quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock worth $43,000 after purchasing an additional 1,459 shares during the period. First PREMIER Bank boosted its holdings in USA Rare Earth by 100.0% in the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in USA Rare Earth in the 2nd quarter valued at about $43,000.

About USA Rare Earth

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.