REalloys (NASDAQ:ALOY) Raised to “Moderate Buy” at Needham & Company LLC

REalloys (NASDAQ:ALOY) was upgraded by research analysts at Needham & Company LLC to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on ALOY. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Clear Str raised shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday. 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’s stock. According to MarketBeat.com, REalloys presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

REalloys Price Performance

Shares of NASDAQ:ALOY opened at $13.77 on Monday. REalloys has a 1 year low of $3.85 and a 1 year high of $26.90. The stock has a market capitalization of $842.86 million, a price-to-earnings ratio of -4.72 and a beta of 1.41. The company’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $10.63.

REalloys (NASDAQ:ALOY) last released its earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.96). REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.The business had revenue of $0.71 million for the quarter, compared to the consensus estimate of $0.60 million.

Insiders Place Their Bets

In other REalloys news, insider Gust Kepler sold 62,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the completion of the transaction, the insider owned 414,218 shares of the company’s stock, valued at $5,339,270.02. This represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.10% of the stock is owned by corporate insiders.

Institutional Trading of REalloys

A number of hedge funds have recently made changes to their positions in ALOY. Corient Private Wealth LLC bought a new stake in shares of REalloys during the second quarter worth about $62,000. Canton Hathaway LLC bought a new position in REalloys in the 4th quarter valued at approximately $95,000. Pekin Hardy Strauss Inc. acquired a new stake in REalloys during the 4th quarter worth approximately $81,000. Geode Capital Management LLC grew its holdings in REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in REalloys in the 4th quarter valued at approximately $741,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.