REalloys (NASDAQ:ALOY) Stock Price Up 9.8% – Here’s Why

REalloys Inc (NASDAQ:ALOY) shares were up 9.8% during mid-day trading on Monday . The company traded as high as $13.90 and last traded at $13.70. Approximately 778,913 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,267,321 shares. The stock had previously closed at $12.48.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ALOY shares. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Needham & Company LLC started coverage on REalloys in a research report on Monday, June 1st. They issued a “buy” rating and a $19.00 price target for the company. Finally, Clear Str upgraded REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Up 14.8%

The business has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $10.71. The firm has a market cap of $876.89 million, a PE ratio of -4.92 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last released its earnings results on Tuesday, May 19th. 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 return on equity of 382.09% and a negative net margin of 4,326.08%.The business had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $0.60 million.

Insiders Place Their Bets

In other REalloys news, insider Gust Kepler sold 62,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the sale, the insider owned 414,218 shares in the company, valued at $5,339,270.02. This trade represents a 13.02% decrease in their ownership of the stock. The transaction 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 and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter worth $62,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys in the fourth quarter valued at about $81,000. Canton Hathaway LLC bought a new stake in shares of REalloys in the fourth quarter valued at about $95,000. Geode Capital Management LLC raised its holdings 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 acquiring an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of REalloys in the fourth quarter valued at about $741,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

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.