REalloys (NASDAQ:ALOY) Issues Earnings Results

REalloys (NASDAQ:ALOY) announced its quarterly earnings results on Thursday. The company reported ($0.59) EPS for the quarter, FiscalAI reports. The business had revenue of $0.80 million during the quarter. REalloys had a negative return on equity of 390.95% and a negative net margin of 5,145.12%.

REalloys Stock Up 13.7%

Shares of NASDAQ ALOY traded up $1.77 during midday trading on Friday, hitting $14.72. The stock had a trading volume of 5,114,092 shares, compared to its average volume of 3,269,604. The business’s 50 day moving average is $12.42 and its 200-day moving average is $11.97. REalloys has a 52 week low of $5.64 and a 52 week high of $26.90. The company has a market cap of $1.01 billion, a P/E ratio of -4.66 and a beta of 1.35.

Hedge Funds Weigh In On REalloys

A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in REalloys during the 2nd quarter valued at $80,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys in the 4th quarter worth $81,000. Bank of New York Mellon Corp purchased a new position in shares of REalloys in the second quarter worth $2,294,000. The Manufacturers Life Insurance Company purchased a new position in shares of REalloys in the second quarter worth $216,000. Finally, Corient Private Wealth LLC bought a new position in shares of REalloys during the second quarter valued at $62,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ALOY. Needham & Company LLC dropped their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

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.