REalloys (NASDAQ:ALOY) Sees Large Volume Increase – Here’s What Happened

REalloys Inc (NASDAQ:ALOY) saw unusually-strong trading volume on Wednesday . Approximately 1,982,541 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 1,650,036 shares.The stock last traded at $8.1980 and had previously closed at $7.33.

Analyst Upgrades and Downgrades

ALOY has been the topic of a number of recent research reports. Clear Str raised REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Wall Street Zen cut REalloys from a “hold” rating to a “sell” rating in a research note on Saturday. Needham & Company LLC dropped their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, REalloys currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

REalloys Trading Up 8.4%

The business has a fifty day moving average of $12.32 and a 200-day moving average of $11.96. The firm has a market cap of $546.53 million, a PE ratio of -2.69 and a beta of 1.31.

REalloys (NASDAQ:ALOY) last posted its earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share 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 for 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 bought and sold shares of ALOY. Corient Private Wealth LLC purchased a new stake in REalloys in the 2nd quarter worth approximately $62,000. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys during the 4th quarter valued at $81,000. Canton Hathaway LLC purchased a new position in shares of REalloys during the 4th quarter valued at $95,000. Geode Capital Management LLC increased 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 worth $213,000 after purchasing an additional 1,422 shares during the period. Finally, Franklin Resources Inc. bought a new position in shares of REalloys in the fourth quarter worth $741,000. 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.