REalloys (NASDAQ:ALOY) Shares Gap Down - Time to Sell?

Key Points

• REalloys shares fell sharply: ALOY opened at $11.90 versus a prior close of $12.50 and was last trading near $11.45 on volume of 453,463 shares.
• Analyst sentiment is mixed: Needham cut its price target to $16 while maintaining a Buy rating, and other ratings include Strong Buy, Buy, and Sell. MarketBeat reports a consensus “Moderate Buy” rating with a $16 target.
• Financial results remain weak: REalloys reported a quarterly loss of $0.59 per share on just $0.80 million in revenue, alongside a negative net margin of 5,145.12% and negative return on equity of 192.93%.

REalloys Inc (NASDAQ:ALOY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $12.50, but opened at $11.90. REalloys shares last traded at $11.4490, with a volume of 453,463 shares traded.

Wall Street Analyst Weigh In

ALOY has been the subject of a number of recent research reports. Needham & Company LLC decreased their price target 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. Wall Street Zen cut shares of REalloys from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings upgraded shares of REalloys from a "sell (e)" rating to a "sell (d-)" rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

REalloys Price Performance

The firm has a 50 day moving average of $12.29 and a two-hundred day moving average of $11.99. The stock has a market cap of $792.70 million, a PE ratio of -3.62 and a beta of 1.36.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ALOY. BlackRock Inc. acquired a new position in REalloys in the second quarter valued at $61,089,000. Legacy Wealth Managment LLC ID purchased a new position in shares of REalloys during the second quarter worth about $4,987,000. Bank of New York Mellon Corp purchased a new position in shares of REalloys during the second quarter worth about $2,294,000. Franklin Resources Inc. acquired a new stake in shares of REalloys during the fourth quarter worth about $741,000. Finally, Dayah Capital LLC acquired a new stake in shares of REalloys during the second quarter worth about $1,288,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

REalloys Company Profile

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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