REalloys (NASDAQ:ALOY) Trading 6.7% Higher – Should You Buy?

REalloys Inc (NASDAQ:ALOY) rose 6.7% on Wednesday . The stock traded as high as $13.04 and last traded at $13.0010. Approximately 925,854 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,606,782 shares. The stock had previously closed at $12.18.

Analyst Ratings Changes

ALOY has been the topic of a number of research analyst reports. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Clear Str upgraded REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of REalloys in a report on Thursday, July 2nd. One 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 MarketBeat, REalloys presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Performance

The firm has a market capitalization of $892.97 million, a PE ratio of -4.44 and a beta of 1.31. The stock’s 50 day simple moving average is $12.16 and its two-hundred day simple moving average is $11.85.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share (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 company had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $0.60 million.

Institutional Trading of REalloys

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new stake in shares of REalloys in the 2nd quarter worth $62,000. Pekin Hardy Strauss Inc. acquired a new position in shares of REalloys during the 4th quarter valued at about $81,000. Canton Hathaway LLC purchased a new stake in shares of REalloys in the fourth quarter valued at about $95,000. Geode Capital Management LLC grew 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 purchasing an additional 1,422 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in REalloys during the fourth quarter worth about $741,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.