REalloys (NASDAQ:ALOY) Stock Price Down 10.7% – What’s Next?

REalloys Inc (NASDAQ:ALOY)’s share price traded down 10.7% during mid-day trading on Monday . The stock traded as low as $11.21 and last traded at $10.9670. Approximately 325,028 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,594,810 shares. The stock had previously closed at $12.28.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALOY shares. Clear Str raised shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised 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 restated a “buy” rating and set a $19.00 price objective on shares of REalloys in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, REalloys presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Price Performance

The stock’s 50-day moving average is $12.48 and its two-hundred day moving average is $11.98. The stock has a market cap of $740.76 million, a P/E ratio of -3.69 and a beta of 1.31.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys in the fourth quarter worth about $81,000. Corient Private Wealth LLC purchased a new position in REalloys during the 2nd quarter valued at approximately $62,000. Canton Hathaway LLC purchased a new position in REalloys during the 4th quarter valued at approximately $95,000. Geode Capital Management LLC grew its holdings in REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after buying an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in REalloys in the 4th quarter worth approximately $741,000. Hedge funds and other 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.