USA Rare Earth (NASDAQ:USAR) Stock Price Down 1.5% - What's Next?

Key Points

• USA Rare Earth shares fell 1.5% to $13.59 in mid-day trading, with volume down 33% from the average. The stock remains below its 50-day and 200-day moving averages of $16.80 and $19.49, respectively.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating from 11 analysts and an average price target of $33.71. However, Needham and Roth Capital recently lowered their targets to $33 and $30.
• The company reported a quarterly loss of $0.15 per share, missing estimates by $0.08, on $5.82 million in revenue. USA Rare Earth is developing a domestic rare-earth supply chain centered on its Round Top project in Texas and NdFeB magnet manufacturing.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price was down 1.5% during mid-day trading on Friday. The company traded as low as $13.54 and last traded at $13.59. Approximately 10,807,622 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 16,088,100 shares. The stock had previously closed at $13.80.

Analyst Ratings Changes

Several equities research analysts have weighed in on USAR shares. Needham & Company LLC cut their target price on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Roth Capital lowered their price target on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Weiss Ratings cut USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Jefferies Financial Group started coverage on USA Rare Earth in a research note on Wednesday, September 2nd. They issued a "buy" rating and a $21.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.71.

USA Rare Earth Price Performance

The stock has a market capitalization of $3.33 billion, a P/E ratio of -5.59 and a beta of 2.66. The firm has a 50-day simple moving average of $16.80 and a 200 day simple moving average of $19.49.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly 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 during the quarter. Sell-side analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On USA Rare Earth

Institutional investors and hedge funds have recently made changes to their positions in the business. MCF Advisors LLC bought a new position in shares of USA Rare Earth in the 2nd quarter worth $43,000. RFG Advisory LLC raised its holdings in USA Rare Earth by 459.1% during the second quarter. RFG Advisory LLC now owns 59,835 shares of the company's stock worth $1,291,000 after buying an additional 49,133 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of USA Rare Earth by 477.4% in the second quarter. IFP Advisors Inc now owns 67,896 shares of the company's stock valued at $1,465,000 after buying an additional 56,137 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of USA Rare Earth by 129.7% during the second quarter. Arizona State Retirement System now owns 48,117 shares of the company's stock valued at $1,038,000 after buying an additional 27,166 shares during the last quarter. Finally, Nykredit A S bought a new stake in USA Rare Earth during the 2nd quarter worth approximately $115,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc is a U.S.-based critical minerals company focused on developing a domestic, vertically integrated supply chain for rare earth elements and rare earth permanent magnets. The company's activities span the planned mining and processing of rare earth materials and the manufacture of neodymium-iron-boron (NdFeB) magnets, which are used in electric vehicles, renewable energy systems, electronics, aerospace and defense applications.

The company's principal resource project is the Round Top rare earth and critical minerals project in Hudspeth County, Texas.

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