REalloys (NASDAQ:ALOY) Shares Down 3.7% – Here’s Why

REalloys Inc (NASDAQ:ALOY)’s share price dropped 3.7% during trading on Tuesday . The stock traded as low as $13.64 and last traded at $13.6390. Approximately 368,457 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,282,021 shares. The stock had previously closed at $14.17.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALOY shares. Clear Str raised REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings raised REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Finally, Needham & Company LLC initiated coverage on REalloys in a report on Monday, June 1st. They set a “buy” rating and a $19.00 price target on the stock. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.00.

REalloys Trading Up 11.0%

The firm has a market cap of $851.43 million, a PE ratio of -4.76 and a beta of 1.41. The business has a fifty day moving average price of $10.19 and a 200 day moving average price of $10.85.

REalloys (NASDAQ:ALOY) last released its quarterly earnings data on Tuesday, May 19th. The company reported ($1.98) EPS 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 during the quarter, compared to analysts’ expectations of $0.60 million.

Insider Activity at REalloys

In other news, insider Gust Kepler sold 62,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the transaction, the insider owned 414,218 shares in the company, valued at approximately $5,339,270.02. This represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of REalloys by 5.7% in the 4th 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 during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in REalloys during the 4th quarter worth approximately $81,000. Corient Private Wealth LLC purchased a new position in REalloys during the 2nd quarter worth approximately $62,000. Canton Hathaway LLC purchased a new position in REalloys during the 4th quarter worth approximately $95,000. Finally, Franklin Resources Inc. purchased a new position in REalloys during the 4th quarter worth approximately $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.