USA Rare Earth (NASDAQ:USAR) Stock Price Up 8.2% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price rose 8.2% during trading on Friday . The stock traded as high as $13.61 and last traded at $13.45. Approximately 6,420,951 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 5,587,944 shares. The stock had previously closed at $12.43.

Analyst Upgrades and Downgrades

USAR has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their target price on shares of USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of USA Rare Earth in a research note on Tuesday. William Blair assumed coverage on USA Rare Earth in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Roth Capital set a $40.00 price target on USA Rare Earth in a report on Friday, October 10th. Finally, Wall Street Zen lowered USA Rare Earth from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

USA Rare Earth Stock Up 8.2%

The business’s fifty day moving average is $20.53 and its two-hundred day moving average is $15.50. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -25.87 and a beta of 0.77.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAR. Pier 88 Investment Partners LLC bought a new position in shares of USA Rare Earth in the 2nd quarter valued at about $588,000. Newtyn Management LLC acquired a new position in USA Rare Earth in the first quarter valued at approximately $4,114,000. Titleist Asset Management LLC bought a new position in USA Rare Earth in the first quarter valued at approximately $145,000. International Assets Investment Management LLC acquired a new stake in USA Rare Earth during the 2nd quarter worth $250,000. Finally, MMCAP International Inc. SPC bought a new stake in shares of USA Rare Earth during the 2nd quarter valued at $261,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.