REalloys (NASDAQ:ALOY) Shares Down 7.1% – Time to Sell?

Shares of REalloys Inc (NASDAQ:ALOY) fell 7.1% on Thursday . The company traded as low as $8.88 and last traded at $8.86. Approximately 1,511,571 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 1,858,019 shares. The stock had previously closed at $9.54.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ALOY shares. Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Finally, Needham & Company LLC dropped their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, REalloys has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Trading Down 6.8%

The stock has a 50-day simple moving average of $10.82 and a 200-day simple moving average of $11.92. The company has a market cap of $617.49 million, a price-to-earnings ratio of -2.82 and a beta of 1.37.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. The business had revenue of $0.80 million during the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.

Hedge Funds Weigh In On REalloys

A number of institutional investors and hedge funds have recently bought and sold shares of ALOY. BlackRock Inc. acquired a new position in REalloys during the 2nd quarter valued at about $61,089,000. Legacy Wealth Managment LLC ID bought a new stake in shares of REalloys during the 2nd quarter worth about $4,987,000. Bank of New York Mellon Corp acquired a new stake in shares of REalloys in the 2nd quarter worth approximately $2,294,000. Franklin Resources Inc. acquired a new stake in shares of REalloys in the 4th quarter worth approximately $741,000. Finally, Dayah Capital LLC acquired a new stake in shares of REalloys in the 2nd quarter worth approximately $1,288,000. Institutional investors 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.