USA Rare Earth (NASDAQ:USAR) Trading Down 4% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price fell 4% on Monday . The stock traded as low as $15.08 and last traded at $15.28. Approximately 8,304,401 shares traded hands during trading, a decline of 56% from the average session volume of 18,942,455 shares. The stock had previously closed at $15.92.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on USAR shares. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Canaccord Genuity Group dropped their price target on USA Rare Earth from $33.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Cantor Fitzgerald lifted their price objective on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Roth Mkm boosted their price objective on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Benchmark started coverage on USA Rare Earth in a report on Wednesday, January 21st. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, USA Rare Earth has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

USA Rare Earth Trading Down 4.0%

The business’s fifty day simple moving average is $19.55 and its 200 day simple moving average is $18.86. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -5.09 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The firm had revenue of $1.64 million during the quarter.

Insider Activity

In other news, Director Carolyn Trabuco purchased 1,300 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $22.60 per share, with a total value of $29,380.00. Following the acquisition, the director directly owned 1,300 shares of the company’s stock, valued at approximately $29,380. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Blitzer acquired 100,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the transaction, the director owned 847,500 shares in the company, valued at $18,170,400. This represents a 13.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 46.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after purchasing an additional 1,433 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares in the last quarter. Center for Financial Planning Inc. acquired a new position in shares of USA Rare Earth in the 4th quarter valued at approximately $28,000. Havemeyer Place LP bought a new stake in USA Rare Earth during the 4th quarter worth approximately $33,000. Finally, National Bank of Canada FI increased its stake in USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares in the last quarter.

USA Rare Earth Company Profile

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.