USA Rare Earth (NASDAQ:USAR) Stock Price Down 5.6% – Should You Sell?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price traded down 5.6% during mid-day trading on Tuesday . The company traded as low as $21.59 and last traded at $21.74. 13,032,363 shares changed hands during trading, a decline of 29% from the average session volume of 18,426,170 shares. The stock had previously closed at $23.02.

Analyst Ratings Changes

A number of equities analysts recently weighed in on USAR shares. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price target on shares of USA Rare Earth in a research note on Thursday, June 4th. Northland Securities started coverage on USA Rare Earth in a research note on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target on the stock. Needham & Company LLC started coverage on USA Rare Earth in a research note on Monday, June 1st. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Roth Mkm reissued a “buy” rating on shares of USA Rare Earth in a research note on Thursday, June 4th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, USA Rare Earth has a consensus rating of “Moderate Buy” and a consensus price target of $36.83.

USA Rare Earth Trading Down 5.6%

The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of -5.55 and a beta of 2.33. The stock has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $19.66.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. Sell-side analysts expect that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On USA Rare Earth

Several institutional investors have recently made changes to their positions in USAR. 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 buying an additional 1,424 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $223,000. Lighthouse Investment Partners LLC acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $329,000. Bank of America Corp DE lifted its holdings in shares of USA Rare Earth by 465.7% during the 2nd quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock valued at $2,659,000 after buying an additional 199,819 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $145,000.

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.