REalloys (NASDAQ:ALOY) Given Buy Rating at Needham & Company LLC

REalloys (NASDAQ:ALOY)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $19.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 26.75% from the stock’s current price.

A number of other equities research analysts also recently issued reports on ALOY. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Finally, Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. One research 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 company’s stock. According to MarketBeat, REalloys presently has an average rating of “Moderate Buy” and an average target price of $19.00.

REalloys Trading Up 3.7%

REalloys stock opened at $14.99 on Thursday. REalloys has a 1-year low of $5.64 and a 1-year high of $26.90. The firm has a market capitalization of $1.03 billion, a PE ratio of -5.13 and a beta of 1.30. The firm’s 50 day simple moving average is $11.87 and its 200 day simple moving average is $11.72.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($1.98) EPS for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The firm had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Institutional Trading of REalloys

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new stake in shares of REalloys during the 4th quarter worth $741,000. Geode Capital Management LLC increased its stake in REalloys by 5.7% in the fourth 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. Pekin Hardy Strauss Inc. bought a new position in REalloys in the fourth quarter valued at $81,000. Canton Hathaway LLC purchased a new stake in REalloys during the fourth quarter valued at about $95,000. Finally, Corient Private Wealth LLC purchased a new stake in REalloys during the second quarter valued at about $62,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

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.