USA Rare Earth (NASDAQ:USAR) Stock Price Down 8.1% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 8.1% during trading on Tuesday . The stock traded as low as $17.29 and last traded at $17.78. 14,115,094 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 17,955,221 shares. The stock had previously closed at $19.35.

Analysts Set New Price Targets

A number of research firms recently weighed in on USAR. Wedbush raised their price target on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Canaccord Genuity Group upped their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price target on shares of USA Rare Earth in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Needham & Company LLC began coverage on USA Rare Earth in a research note on Monday, June 1st. They set a “buy” rating and a $39.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, USA Rare Earth presently has a consensus rating of “Moderate Buy” and an average target price of $36.83.

USA Rare Earth Stock Down 8.1%

The firm has a 50 day simple moving average of $23.89 and a 200-day simple moving average of $20.32. The stock has a market cap of $3.97 billion, a P/E ratio of -4.54 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. On average, equities analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC boosted its position in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares during the period. Ascentis Independent Advisors bought a new position in USA Rare Earth during the first quarter valued at about $27,000. Center for Financial Planning Inc. purchased a new position in USA Rare Earth in the fourth quarter valued at about $28,000. Finally, Havemeyer Place LP bought a new position in shares of USA Rare Earth during the 4th quarter valued at approximately $33,000.

USA Rare Earth Company Profile

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.