REalloys (NASDAQ:ALOY) Shares Down 8.6% – Time to Sell?

REalloys Inc (NASDAQ:ALOY) dropped 8.6% during mid-day trading on Wednesday . The company traded as low as $16.67 and last traded at $17.5180. Approximately 576,506 shares changed hands during trading, a decline of 60% from the average session volume of 1,443,732 shares. The stock had previously closed at $19.17.

Analyst Ratings Changes

A number of research firms have weighed in on ALOY. Clear Str raised shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Needham & Company LLC assumed coverage on REalloys in a research note on Monday, June 1st. They issued a “buy” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Trading Down 10.1%

The business has a 50-day moving average price of $11.52 and a 200-day moving average price of $11.48. The stock has a market cap of $1.06 billion, a PE ratio of -5.93 and a beta of 1.41.

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

Institutional Trading of REalloys

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new stake in REalloys in the 2nd quarter worth about $62,000. Canton Hathaway LLC acquired a new position in shares of REalloys during the fourth quarter valued at approximately $95,000. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys in the fourth quarter valued at approximately $81,000. Geode Capital Management LLC boosted 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. Finally, Franklin Resources Inc. acquired a new stake in shares of REalloys in the fourth quarter worth approximately $741,000. Hedge funds and other institutional investors 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.