REalloys (NASDAQ:ALOY) Trading 14.5% Higher – Still a Buy?

REalloys Inc (NASDAQ:ALOY)’s stock price was up 14.5% on Monday . The company traded as high as $9.45 and last traded at $10.05. 634,569 shares traded hands during trading, a decline of 63% from the average daily volume of 1,720,293 shares. The stock had previously closed at $8.78.

Wall Street Analyst Weigh In

ALOY has been the topic of several recent research reports. Wall Street Zen lowered shares of REalloys from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Clear Str raised REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Finally, Needham & Company LLC cut their target price on REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

REalloys Stock Performance

The stock has a market capitalization of $750.39 million, a PE ratio of -3.74 and a beta of 1.35. The firm has a 50 day moving average of $12.26 and a 200-day moving average of $11.92.

REalloys (NASDAQ:ALOY) last released its earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The business had revenue of $0.71 million for the quarter, compared to analysts’ expectations of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALOY. Franklin Resources Inc. purchased a new stake in REalloys in the 4th quarter worth approximately $741,000. Canton Hathaway LLC acquired a new stake in shares of REalloys during the 4th quarter valued at $95,000. Corient Private Wealth LLC purchased a new position in shares of REalloys during the 2nd quarter valued at $62,000. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys during the 4th quarter valued at $81,000. Finally, Geode Capital Management LLC increased its stake in shares of REalloys by 5.7% in the fourth 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. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.