USA Rare Earth (NASDAQ:USAR) Sets New 52-Week Low - Here's What Happened

Key Points

• USA Rare Earth shares fell to a new 52-week low of $9.72 during Tuesday trading, below the prior close of $10.09.
• Analyst sentiment remains broadly positive, with nine Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $33.71.
• The company reported a quarterly loss of $0.15 per share, missing the $0.07 consensus estimate, while generating $5.82 million in revenue.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $9.72 and last traded at $9.9430, with a volume of 1,760,134 shares. The stock had previously closed at $10.09.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on USAR. Jefferies Financial Group began coverage on USA Rare Earth in a research report on Wednesday, September 2nd. They set a "buy" rating and a $21.00 target price for the company. Cantor Fitzgerald restated an "overweight" rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Needham & Company LLC decreased their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Finally, Roth Capital dropped their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.71.

USA Rare Earth Stock Up 2.2%

The company has a market capitalization of $2.52 billion, a PE ratio of -4.24 and a beta of 2.66. The firm's 50 day simple moving average is $15.85 and its 200 day simple moving average is $19.08.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. As a group, sell-side analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Institutional Trading of USA Rare Earth

Several institutional investors have recently added to or reduced their stakes in USAR. Carlson Financial Inc. lifted its stake in shares of USA Rare Earth by 5.7% during the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company's stock worth $254,000 after acquiring an additional 635 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company's stock valued at $56,000 after acquiring an additional 829 shares during the period. First PREMIER Bank boosted its holdings in USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company's stock valued at $43,000 after acquiring an additional 1,000 shares during the period. State of Wyoming grew its position in USA Rare Earth by 100.4% in the 1st quarter. State of Wyoming now owns 2,509 shares of the company's stock valued at $38,000 after acquiring an additional 1,257 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in USA Rare Earth by 276.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company's stock valued at $43,000 after acquiring an additional 1,459 shares during the last quarter.

About USA Rare Earth

USA Rare Earth, Inc NASDAQ: USAR is developing an integrated domestic supply chain for rare earth and other critical minerals. The company's activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company's flagship asset is the Round Top Mountain project in Hudspeth County, Texas.

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