REalloys (NASDAQ:ALOY) Trading Up 10.9% – Time to Buy?

REalloys Inc (NASDAQ:ALOY)’s stock price shot up 10.9% on Wednesday . The stock traded as high as $15.81 and last traded at $16.1750. Approximately 1,062,573 shares changed hands during trading, a decline of 23% from the average session volume of 1,371,111 shares. The stock had previously closed at $14.59.

Analyst Ratings Changes

ALOY has been the topic of several recent research reports. Weiss Ratings raised shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Needham & Company LLC initiated coverage on shares of REalloys in a research report on Monday, June 1st. They issued a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

REalloys Stock Up 7.0%

The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -6.09 and a beta of 1.41. The business has a 50-day moving average price of $10.98 and a 200-day moving average price of $11.23.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The company had revenue of $0.71 million during the quarter, compared to analyst estimates 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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys during the fourth quarter valued at approximately $81,000. Corient Private Wealth LLC acquired a new position in REalloys in the 2nd quarter worth approximately $62,000. Canton Hathaway LLC acquired a new position in REalloys in the 4th quarter worth approximately $95,000. Geode Capital Management LLC grew its position in REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in REalloys during the 4th quarter worth approximately $741,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.