REalloys (NASDAQ:ALOY) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded REalloys from “sell” to “hold,” while analyst sentiment remains mixed but averages a “Moderate Buy” rating with a $16.00 price target.
• REalloys shares opened at $10.10, well below the 50-day and 200-day moving averages of $11.10 and $11.94, respectively; the stock has traded between $5.92 and $26.90 over the past year.
• The company reported a quarterly loss of $0.59 per share on $0.80 million in revenue, alongside sharply negative profitability metrics including a 5,145.12% net margin and 192.93% negative return on equity.

REalloys (NASDAQ:ALOY - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Needham & Company LLC reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, REalloys presently has an average rating of "Moderate Buy" and an average price target of $16.00.

REalloys Stock Performance

ALOY stock opened at $10.10 on Friday. The stock's 50 day simple moving average is $11.10 and its 200 day simple moving average is $11.94. REalloys has a fifty-two week low of $5.92 and a fifty-two week high of $26.90. The company has a market cap of $696.80 million, a P/E ratio of -3.20 and a beta of 1.37.

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

Hedge Funds Weigh In On REalloys

Several institutional investors have recently bought and sold shares of ALOY. California State Teachers Retirement System purchased a new stake in REalloys in the second quarter worth $164,000. Legacy Wealth Managment LLC ID bought a new position in shares of REalloys during the 2nd quarter worth $4,987,000. Bank of America Corp DE bought a new position in shares of REalloys during the 2nd quarter worth $479,000. Dayah Capital LLC purchased a new stake in REalloys in the 2nd quarter worth about $1,288,000. Finally, Legal & General Group Plc purchased a new stake in REalloys in the 2nd quarter worth about $80,000. Hedge funds and other institutional investors 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.

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