USA Rare Earth (NASDAQ:USAR) Hits New 52-Week Low – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) reached a new 52-week low during trading on Monday. The company traded as low as $9.00 and last traded at $9.0560, with a volume of 1,465,992 shares traded. The stock had previously closed at $9.33.

Wall Street Analyst Weigh In

Several analysts recently issued reports on USAR shares. Texas Capital upgraded USA Rare Earth to a “strong-buy” rating in a report on Tuesday, October 20th. Roth Capital dropped their target price on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of USA Rare Earth from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Jefferies Financial Group began coverage on shares of USA Rare Earth in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.71.

USA Rare Earth Price Performance

The business has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $18.92. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -3.77 and a beta of 2.66.

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

Institutional Investors Weigh In On USA Rare Earth

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in USA Rare Earth during the 2nd quarter valued at $335,795,000. Bank of America Corp DE bought a new position in shares of USA Rare Earth in the 2nd quarter worth $32,762,000. Weiss Asset Management LP purchased a new position in USA Rare Earth in the first quarter worth $17,103,000. Korea Investment CORP bought a new position in USA Rare Earth in the second quarter valued at $18,108,000. Finally, Bank of New York Mellon Corp purchased a new stake in USA Rare Earth in the second quarter worth approximately $13,510,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.