REalloys (NASDAQ:ALOY) Shares Gap Up – Here’s Why

REalloys Inc (NASDAQ:ALOY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.99, but opened at $8.42. REalloys shares last traded at $8.8430, with a volume of 997,220 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALOY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of REalloys in a research report on Wednesday, January 21st. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

REalloys Trading Up 15.5%

The stock has a market capitalization of $527.07 million, a price-to-earnings ratio of -7.86 and a beta of 1.70. The stock’s 50 day moving average is $12.90 and its two-hundred day moving average is $10.13.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. The business had revenue of $0.63 million for the quarter. REalloys had a negative return on equity of 96.75% and a negative net margin of 182.07%.

Insider Activity

In other REalloys news, insider Gust Kepler sold 62,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total transaction of $799,180.00. Following the transaction, the insider owned 414,218 shares in the company, valued at $5,339,270.02. This represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.10% of the stock is currently owned by insiders.

Institutional Trading of REalloys

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new position in shares of REalloys during the second quarter valued at $62,000. Pekin Hardy Strauss Inc. acquired a new stake in REalloys in the fourth quarter worth $81,000. Canton Hathaway LLC acquired a new stake in REalloys in the fourth quarter worth $95,000. Geode Capital Management LLC grew its holdings in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after purchasing an additional 1,422 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in REalloys in the fourth quarter worth $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.