USA Rare Earth (NASDAQ:USAR) Hits New 1-Year Low – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $11.40 and last traded at $11.46, with a volume of 1,693,612 shares changing hands. The stock had previously closed at $11.82.

Wall Street Analysts Forecast Growth

USAR has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Needham & Company LLC decreased 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 report on Wednesday, July 22nd. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Roth Capital cut their price target on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, Jefferies Financial Group initiated coverage on shares of USA Rare Earth in a report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 price target for the company. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.71.

USA Rare Earth Stock Performance

The company has a 50 day moving average price of $16.59 and a 200 day moving average price of $19.25. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of -4.67 and a beta of 2.66.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, research analysts forecast that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in USA Rare Earth during the second quarter worth about $38,000. Ascentis Independent Advisors purchased a new stake in USA Rare Earth in the first quarter valued at approximately $27,000. Ameritas Advisory Services LLC raised its position in USA Rare Earth by 276.3% in the second quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock valued at $43,000 after purchasing an additional 1,459 shares during the period. First PREMIER Bank lifted its stake in USA Rare Earth by 100.0% during the second quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock worth $43,000 after purchasing an additional 1,000 shares in the last quarter. Finally, MCF Advisors LLC acquired a new position in USA Rare Earth during the second quarter worth $43,000.

USA Rare Earth Company Profile

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.