REalloys (NASDAQ:ALOY) Stock Price Up 7.1% - Time to Buy?

Key Points

• REalloys shares rose 7.1% to $6.65 on Wednesday, after reaching $7.01; trading volume was roughly in line with its daily average.
• Analyst views are mixed, but MarketBeat reports an overall “Moderate Buy” rating and an average price target of $16. Needham lowered its target from $19 while retaining a “buy” rating.
• The company reported a quarterly loss of $0.59 per share on just $0.80 million in revenue, alongside a deeply negative net margin and return on equity.

REalloys Inc (NASDAQ:ALOY - Get Free Report) shares were up 7.1% on Wednesday. The company traded as high as $7.01 and last traded at $6.65. Approximately 1,895,123 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 1,905,321 shares. The stock had previously closed at $6.21.

Analysts Set New Price Targets

Several research firms have recently issued reports on ALOY. Wall Street Zen raised shares of REalloys from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings reissued a "sell (d-)" rating on shares of REalloys in a report on Monday, September 14th. Finally, Needham & Company LLC cut their price target on REalloys from $19.00 to $16.00 and set a "buy" rating on the stock 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.00.

REalloys Price Performance

The firm has a 50 day moving average of $7.83 and a two-hundred day moving average of $10.94. The stock has a market cap of $463.31 million, a PE ratio of -2.10 and a beta of 1.43.

REalloys (NASDAQ:ALOY - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. The company 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 Investors Weigh In On REalloys

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobi Capital Management LLC purchased a new stake in REalloys in the third quarter valued at $25,000. Global Retirement Partners LLC grew its holdings in shares of REalloys by 8,146.7% during the third quarter. Global Retirement Partners LLC now owns 3,711 shares of the company's stock worth $30,000 after purchasing an additional 3,666 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of REalloys during the second quarter worth about $31,000. State of Wyoming acquired a new stake in shares of REalloys during the second quarter worth about $47,000. Finally, Farther Finance Advisors LLC increased its position in shares of REalloys by 942.0% during the third quarter. Farther Finance Advisors LLC now owns 6,252 shares of the company's stock worth $51,000 after purchasing an additional 5,652 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

REalloys Company Profile

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company's activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.

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