USA Rare Earth (NASDAQ:USAR) Stock Falls 5% – What’s Next?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) fell 5% on Friday. The company traded as low as $10.41 and last traded at $10.54. 10,924,352 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 16,033,001 shares. The stock had previously closed at $11.09.

Wall Street Analyst Weigh In

USAR has been the subject of several research reports. Jefferies Financial Group started coverage on USA Rare Earth in a research note on Wednesday, September 2nd. They set a “buy” rating and a $21.00 price target for the company. Needham & Company LLC lowered their price objective on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Roth Capital lowered their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, USA Rare Earth has a consensus rating of “Moderate Buy” and an average price target of $33.71.

USA Rare Earth Price Performance

The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -4.34 and a beta of 2.66. The stock’s 50-day moving average is $16.03 and its 200-day moving average is $19.08.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $5.82 million during the quarter. Analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the business. Carlson Financial Inc. lifted its position in USA Rare Earth by 5.7% during the second quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock worth $254,000 after buying an additional 635 shares during the period. Sterling Capital Management LLC boosted its stake in USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after buying an additional 829 shares during the last quarter. First PREMIER Bank boosted its stake in USA Rare Earth by 100.0% in the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock worth $43,000 after buying an additional 1,000 shares during the last quarter. State of Wyoming boosted its stake in USA Rare Earth by 100.4% in the 1st quarter. State of Wyoming now owns 2,509 shares of the company’s stock worth $38,000 after buying an additional 1,257 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in USA Rare Earth by 276.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock valued at $43,000 after buying an additional 1,459 shares during the period.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-based critical minerals company focused on developing a domestic, vertically integrated supply chain for rare earth elements and rare earth permanent magnets. The company’s activities span the planned mining and processing of rare earth materials and the manufacture of neodymium-iron-boron (NdFeB) magnets, which are used in electric vehicles, renewable energy systems, electronics, aerospace and defense applications.

The company’s principal resource project is the Round Top rare earth and critical minerals project in Hudspeth County, Texas.