REalloys (NASDAQ:ALOY) Upgraded at Needham & Company LLC

Needham & Company LLC upgraded shares of REalloys (NASDAQ:ALOY) to a moderate buy rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $19.00 target price on the stock.

A number of other research firms also recently issued reports on ALOY. Weiss Ratings upgraded shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

REalloys Stock Performance

REalloys stock opened at $13.77 on Monday. REalloys has a 1 year low of $3.85 and a 1 year high of $26.90. The firm has a 50 day moving average price of $9.87 and a 200 day moving average price of $10.63. The company has a market cap of $842.86 million, a price-to-earnings ratio of -4.72 and a beta of 1.41.

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

Insider Transactions at REalloys

In other REalloys news, insider Gust Kepler sold 62,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total value of $799,180.00. Following the transaction, the insider owned 414,218 shares in the company, valued at $5,339,270.02. The trade was a 13.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 20.10% of the stock is owned by company insiders.

Institutional Trading of REalloys

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in REalloys during the 4th quarter valued at $741,000. Canton Hathaway LLC bought a new stake in shares of REalloys in the 4th quarter worth about $95,000. Corient Private Wealth LLC acquired a new stake in shares of REalloys in the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys in the 4th quarter valued at about $81,000. Finally, Geode Capital Management LLC lifted its position in shares of REalloys by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after purchasing an additional 1,422 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.