USA Rare Earth (NASDAQ:USAR) Stock Price Down 4.5% – Time to Sell?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) traded down 4.5% during trading on Monday. The stock traded as low as $8.89 and last traded at $8.91. 14,129,333 shares were traded during mid-day trading, a decline of 11% from the average session volume of 15,868,953 shares. The stock had previously closed at $9.33.

Wall Street Analyst Weigh In

USAR has been the topic of several analyst reports. Roth Capital dropped their price target 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. Texas Capital upgraded shares of USA Rare Earth to a “strong-buy” rating in a report on Tuesday, October 20th. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Needham & Company LLC lowered their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.71.

USA Rare Earth Trading Down 4.5%

The company has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $18.92. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -3.67 and a beta of 2.66.

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

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors have recently modified their holdings of USAR. Ascentis Independent Advisors acquired a new position in shares of USA Rare Earth during the first quarter valued at $27,000. KBC Group NV bought a new stake in USA Rare Earth during the 1st quarter worth about $35,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in USA Rare Earth during the 1st quarter valued at about $38,000. State of Wyoming lifted its position in USA Rare Earth by 100.4% during the 1st quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after purchasing an additional 1,257 shares during the period. Finally, Allworth Financial LP bought a new position in shares of USA Rare Earth in the 2nd quarter valued at about $38,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.