REalloys (NASDAQ:ALOY) Stock Price Up 6.7% – What’s Next?

REalloys Inc (NASDAQ:ALOY)’s stock price shot up 6.7% during mid-day trading on Wednesday . The company traded as high as $13.04 and last traded at $13.0010. Approximately 925,854 shares changed hands during trading, a decline of 42% from the average session volume of 1,606,782 shares. The stock had previously closed at $12.18.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of REalloys in a research report on Thursday, July 2nd. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.00.

REalloys Price Performance

The stock has a market capitalization of $860.99 million, a price-to-earnings ratio of -4.30 and a beta of 1.31. The stock’s 50 day simple moving average is $12.32 and its 200-day simple moving average is $11.92.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ALOY. Corient Private Wealth LLC acquired a new stake in REalloys in the 2nd quarter worth approximately $62,000. Canton Hathaway LLC acquired a new position in REalloys during the fourth quarter valued at approximately $95,000. Pekin Hardy Strauss Inc. acquired a new position in REalloys during the fourth quarter valued at approximately $81,000. Geode Capital Management LLC raised its position 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 valued at $213,000 after purchasing an additional 1,422 shares during the period. Finally, Franklin Resources Inc. bought a new position in shares of REalloys in the fourth quarter valued at approximately $741,000. Institutional investors and hedge funds 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.