REalloys (NASDAQ:ALOY) Shares Gap Up - Here's Why

Key Points

• REalloys shares jumped 9.8%, opening at $8.80 versus a prior close of $8.26, with the latest trade near $8.83 on volume of 872,832 shares.
• Analyst views are mixed: Wall Street Zen upgraded the stock to “hold,” Weiss Ratings maintained a “sell,” and Needham cut its price target to $16 while retaining a “buy” rating. The overall consensus is “Moderate Buy,” with a $16 target.
• The company reported a quarterly loss of $0.59 per share on just $0.80 million in revenue, alongside deeply negative profitability metrics. Institutional investors recently established positions, led by BlackRock’s approximately $61.1 million stake.

REalloys Inc (NASDAQ:ALOY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $8.26, but opened at $8.80. REalloys shares last traded at $8.8290, with a volume of 872,832 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALOY. Wall Street Zen raised REalloys from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Weiss Ratings restated a "sell (d-)" rating on shares of REalloys in a research report on Monday, September 14th. Finally, 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 note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

REalloys Stock Up 9.8%

The company has a market cap of $629.49 million, a P/E ratio of -2.84 and a beta of 1.37. The business has a 50-day moving average price of $10.21 and a two-hundred day moving average price of $11.54.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of REalloys during the 2nd quarter worth approximately $61,089,000. Legacy Wealth Managment LLC ID acquired a new position in REalloys in the second quarter valued at approximately $4,987,000. Bank of New York Mellon Corp bought a new position in REalloys in the second quarter valued at approximately $2,294,000. Dayah Capital LLC bought a new position in REalloys in the second quarter valued at approximately $1,288,000. Finally, Deutsche Bank AG acquired a new stake in REalloys during the 2nd quarter worth $818,000. Institutional investors own 3.58% of the company's stock.

About REalloys

REalloys, Inc NASDAQ: ALOY is a materials company focused on the production of rare-earth alloys and related advanced materials. Its products are intended to serve as feedstock for high-performance permanent magnets and other applications that require specialized magnetic and metallurgical properties.

The company's activities are associated with the growing demand for rare-earth materials used in electric vehicles, renewable-energy equipment, consumer electronics, industrial systems, aerospace and defense technologies.

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