REalloys (NASDAQ:ALOY) Shares Gap Down – What’s Next?

REalloys Inc (NASDAQ:ALOY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.50, but opened at $11.90. REalloys shares last traded at $11.4490, with a volume of 453,463 shares traded.

Analysts Set New Price Targets

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

REalloys Price Performance

The company has a market capitalization of $792.70 million, a price-to-earnings ratio of -3.62 and a beta of 1.36. The business’s 50 day simple moving average is $12.29 and its 200 day simple moving average is $11.99.

REalloys (NASDAQ:ALOY) last announced its 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 business had revenue of $0.80 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ALOY. State of Wyoming acquired a new position in shares of REalloys in the second quarter valued at approximately $47,000. Corient Private Wealth LLC acquired a new stake in shares of REalloys during the second quarter worth $62,000. Legal & General Group Plc acquired a new stake in shares of REalloys during the second quarter worth $80,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys during the fourth quarter worth $81,000. Finally, Quantbot Technologies LP purchased a new position in REalloys in the 2nd quarter valued at $132,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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.