REalloys (NASDAQ:ALOY) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of REalloys (NASDAQ:ALOY) from a hold rating to a sell rating in a research note released on Saturday.

ALOY has been the subject of a number of other research reports. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Needham & Company LLC decreased their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Down 11.3%

ALOY stock opened at $11.09 on Friday. REalloys has a 52-week low of $5.64 and a 52-week high of $26.90. The stock’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $11.98. The stock has a market capitalization of $765.10 million, a price-to-earnings ratio of -3.51 and a beta of 1.36.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%. The business had revenue of $0.80 million during the quarter.

Institutional Investors Weigh In On REalloys

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new stake in shares of REalloys during the 2nd quarter valued at about $164,000. Legacy Wealth Managment LLC ID purchased a new position in REalloys in the 2nd quarter worth approximately $4,987,000. Bank of America Corp DE purchased a new position in REalloys in the 2nd quarter worth approximately $479,000. Dayah Capital LLC acquired a new stake in REalloys in the second quarter valued at approximately $1,288,000. Finally, Legal & General Group Plc acquired a new stake in REalloys in the second quarter valued at approximately $80,000. Institutional investors and hedge funds 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.