USA Rare Earth (NASDAQ:USAR) Stock Price Down 5% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR) shares traded down 5% during mid-day trading on Monday . The company traded as low as $17.68 and last traded at $18.29. 14,910,419 shares were traded during mid-day trading, a decline of 10% from the average session volume of 16,629,719 shares. The stock had previously closed at $19.26.

Analyst Upgrades and Downgrades

USAR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Wedbush upped their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Roth Capital reduced their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Trading Down 5.0%

The firm has a market capitalization of $4.08 billion, a P/E ratio of -7.53 and a beta of 2.55. The stock has a 50-day simple moving average of $18.54 and a two-hundred day simple moving average of $20.22.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. As a group, research analysts expect that USA Rare Earth Inc. will post -0.62 EPS for the current year.

Insiders Place Their Bets

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the transaction, the director directly owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On USA Rare Earth

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its position in shares of USA Rare Earth by 29.1% during the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after buying an additional 829 shares during the last quarter. Pier 88 Investment Partners LLC lifted its position in USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after acquiring an additional 840 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after acquiring an additional 936 shares in the last quarter. First PREMIER Bank boosted its stake in USA Rare Earth by 100.0% in the second quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after purchasing an additional 1,032 shares during the last quarter.

USA Rare Earth Company Profile

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.