USA Rare Earth (NASDAQ:USAR) Shares Down 4% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR) shares traded down 4% on Tuesday . The stock traded as low as $18.22 and last traded at $18.51. 8,749,636 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 16,672,332 shares. The stock had previously closed at $19.29.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC cut their price objective on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Roth Capital cut their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Price Performance

The company’s fifty day simple moving average is $18.80 and its two-hundred day simple moving average is $20.35. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of -7.62 and a beta of 2.55.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $5.82 million for the quarter. On average, analysts forecast that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the transaction, the director owned 18,783 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 9.10% of the stock is owned by corporate insiders.

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAR. Larson Financial Group LLC raised its stake in shares of USA Rare Earth by 217.5% in 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 last quarter. NewEdge Advisors LLC boosted its position in shares of USA Rare Earth by 158.2% during the second 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. Ascentis Independent Advisors bought a new stake in USA Rare Earth during the first quarter worth $27,000. Center for Financial Planning Inc. bought a new stake in USA Rare Earth during the fourth quarter worth $28,000. Finally, Havemeyer Place LP purchased a new stake in USA Rare Earth in the 4th quarter valued at $33,000.

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.