REalloys (NASDAQ:ALOY) Stock Rating Upgraded by Needham & Company LLC

REalloys (NASDAQ:ALOY) was upgraded by equities research analysts at Needham & Company LLC to a “moderate buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on ALOY. Weiss Ratings raised shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Clear Str raised shares of REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, REalloys currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Up 18.3%

ALOY stock opened at $13.77 on Monday. The company’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $10.63. REalloys has a 52-week low of $3.85 and a 52-week high of $26.90. The firm has a market cap of $842.86 million, a P/E ratio of -4.72 and a beta of 1.41.

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

Insider Buying and Selling

In other REalloys news, insider Gust Kepler sold 62,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total value of $799,180.00. Following the completion of the sale, the insider owned 414,218 shares in the company, valued at approximately $5,339,270.02. This represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.10% of the company’s stock.

Institutional Trading of REalloys

A number of hedge funds have recently bought and sold shares of ALOY. Corient Private Wealth LLC acquired a new stake in REalloys in the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. acquired a new stake in REalloys in the 4th quarter valued at about $81,000. Canton Hathaway LLC acquired a new stake in REalloys in the 4th quarter valued at about $95,000. Geode Capital Management LLC raised its holdings in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in REalloys in the 4th quarter valued at about $741,000. 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.