REalloys (NASDAQ:ALOY) Trading Up 10.9% – What’s Next?

REalloys Inc (NASDAQ:ALOY) traded up 10.9% during trading on Wednesday . The company traded as high as $15.81 and last traded at $16.1750. 1,062,573 shares traded hands during trading, a decline of 23% from the average session volume of 1,371,111 shares. The stock had previously closed at $14.59.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALOY. Clear Str raised shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Needham & Company LLC assumed coverage on REalloys in a research report on Monday, June 1st. They set a “buy” rating and a $19.00 target price on the stock. Finally, Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.00.

REalloys Stock Performance

The company has a 50 day moving average of $10.63 and a two-hundred day moving average of $11.08. The stock has a market capitalization of $1.01 billion, a PE ratio of -5.62 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Tuesday, May 19th. The company reported ($1.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The business had revenue of $0.71 million during 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 Trading of REalloys

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC purchased a new position in shares of REalloys in the second quarter worth $62,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys during the fourth quarter valued at $81,000. Canton Hathaway LLC acquired a new position in shares of REalloys in the 4th quarter valued at $95,000. Geode Capital Management LLC increased its position 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 period. Finally, Franklin Resources Inc. purchased a new position in REalloys in the 4th quarter worth $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.