REalloys (NASDAQ:ALOY) Trading Down 11.7% – Should You Sell?

REalloys Inc (NASDAQ:ALOY)’s share price was down 11.7% during mid-day trading on Thursday . The company traded as low as $13.35 and last traded at $13.2310. 1,939,948 shares were traded during trading, an increase of 23% from the average daily volume of 1,583,488 shares. The stock had previously closed at $14.99.

Analyst Upgrades and Downgrades

ALOY has been the subject of a number of recent analyst reports. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of REalloys in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, REalloys has an average rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Performance

The company has a market capitalization of $905.56 million, a PE ratio of -4.52 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 posted its quarterly earnings results on Wednesday, May 20th. 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 for the quarter, compared to analyst estimates of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. purchased a new position in REalloys in the fourth quarter valued at about $741,000. Canton Hathaway LLC acquired a new stake in shares of REalloys during the 4th quarter valued at approximately $95,000. Corient Private Wealth LLC purchased a new stake in shares of REalloys during the 2nd quarter worth approximately $62,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys during the 4th quarter worth approximately $81,000. Finally, Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 1,422 shares in the last quarter. 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.