USA Rare Earth (NASDAQ:USAR) Shares Up 16.7% – Should You Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price was up 16.7% during mid-day trading on Tuesday. The company traded as high as $10.49 and last traded at $10.40. Approximately 21,032,580 shares traded hands during trading, an increase of 32% from the average daily volume of 15,892,254 shares. The stock had previously closed at $8.91.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Roth Capital cut their price target on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Texas Capital raised shares of USA Rare Earth to a “strong-buy” rating in a report on Tuesday, October 20th. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Needham & Company LLC dropped their target price 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. Finally, Wall Street Zen cut shares of USA Rare Earth from a “sell” rating to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.71.

USA Rare Earth Trading Up 16.7%

The business has a fifty day simple moving average of $14.94 and a two-hundred day simple moving average of $18.95. The company has a market cap of $2.55 billion, a PE ratio of -4.28 and a beta of 2.66.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP purchased a new stake in shares of USA Rare Earth in the second quarter valued at approximately $38,000. Ascentis Independent Advisors acquired a new position in USA Rare Earth during the first quarter worth $27,000. Ameritas Advisory Services LLC boosted its stake in USA Rare Earth by 276.3% during the second quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock worth $43,000 after buying an additional 1,459 shares during the last quarter. First PREMIER Bank boosted its stake in USA Rare Earth by 100.0% during the second quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock worth $43,000 after buying an additional 1,000 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in USA Rare Earth in the 2nd quarter valued at $43,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.