REalloys (NASDAQ:ALOY) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded REalloys from “Hold” to “Sell,” while analyst opinions remain mixed. MarketBeat’s consensus rating is still “Moderate Buy,” with an average price target of $16.00.
• REalloys shares opened at $12.50, near their 50-day and 200-day moving averages, but remain well below the 1-year high of $26.90. The company has a market capitalization of approximately $862 million.
• The company reported a quarterly loss of $0.59 per share on just $0.80 million in revenue, alongside deeply negative net margin and return on equity. Several institutional investors, including BlackRock, recently initiated positions, though institutional ownership is only 3.58%.

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

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings raised shares of REalloys from a "sell (e)" rating to a "sell (d-)" rating in a research report on Thursday, June 18th. Needham & Company LLC decreased their price objective on shares of REalloys from $19.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, REalloys presently has a consensus rating of "Moderate Buy" and an average price target of $16.00.

REalloys Price Performance

Shares of ALOY stock opened at $12.50 on Friday. The business has a 50-day moving average of $12.29 and a 200 day moving average of $11.98. REalloys has a 1-year low of $5.64 and a 1-year high of $26.90. The stock has a market capitalization of $862.38 million, a PE ratio of -3.96 and a beta of 1.35.

REalloys (NASDAQ:ALOY - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.59) earnings per share 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%.

Hedge Funds Weigh In On REalloys

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in REalloys in the second quarter valued at $61,089,000. Bank of New York Mellon Corp purchased a new position in REalloys during the 2nd quarter valued at $2,294,000. Franklin Resources Inc. bought a new position in REalloys in the 4th quarter worth $741,000. Dayah Capital LLC purchased a new stake in shares of REalloys in the 2nd quarter worth about $1,288,000. Finally, Deutsche Bank AG purchased a new stake in shares of REalloys in the 2nd quarter worth about $818,000. Institutional investors own 3.58% of the company's stock.

About REalloys

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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