REalloys (NASDAQ:ALOY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of REalloys Inc (NASDAQ:ALOY) saw strong trading volume on Friday . Approximately 1,159,306 shares traded hands during trading, a decline of 36% from the previous session’s volume of 1,813,590 shares.The stock last traded at $15.0260 and had previously closed at $12.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALOY. Needham & Company LLC decreased their target price on REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.00.

REalloys Price Performance

The business’s 50-day moving average is $12.37 and its 200 day moving average is $11.96. The firm has a market capitalization of $994.63 million, a P/E ratio of -4.95 and a beta of 1.35.

REalloys (NASDAQ:ALOY) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%. The business had revenue of $0.80 million during the quarter.

Institutional Investors Weigh In On REalloys

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in REalloys during the fourth quarter worth approximately $741,000. Geode Capital Management LLC raised its holdings in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares in the last quarter. Corient Private Wealth LLC acquired a new position in REalloys in the 2nd quarter valued at $62,000. Quantbot Technologies LP bought a new stake in shares of REalloys during the 2nd quarter valued at $132,000. Finally, BlackRock Inc. bought a new stake in shares of REalloys during the 2nd quarter valued at $61,089,000. 3.58% of the stock is currently owned by institutional investors.

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.