REalloys (NASDAQ:ALOY) Shares Gap Up - Here's What Happened

Key Points

• REalloys shares jumped 8.4%, opening at $13.06 versus a prior close of $12.27, with approximately 1.23 million shares traded.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a $16.00 target price, although Needham lowered its target from $19.00 to $16.00.
• The company reported a significant quarterly earnings miss, posting a loss of $1.98 per share versus the expected $0.02 loss, despite revenue of $0.71 million exceeding estimates.

REalloys Inc (NASDAQ:ALOY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.27, but opened at $13.06. REalloys shares last traded at $12.9210, with a volume of 1,234,760 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALOY. Needham & Company LLC lowered their price target on REalloys from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded REalloys from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings raised REalloys from a "sell (e)" rating to a "sell (d-)" rating in a report on Thursday, June 18th. One equities research 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 company's stock. According to data from MarketBeat, REalloys currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

REalloys Stock Up 8.4%

The company has a market capitalization of $914.50 million, a price-to-earnings ratio of -4.57 and a beta of 1.36. The business's 50-day moving average is $12.35 and its 200-day moving average is $11.93.

REalloys (NASDAQ:ALOY - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($1.96). REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%. The company had revenue of $0.71 million for the quarter, compared to analysts' expectations of $0.60 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC acquired a new stake in shares of REalloys during the 2nd quarter worth approximately $62,000. Pekin Hardy Strauss Inc. acquired a new position in shares of REalloys in the 4th quarter valued at $81,000. Geode Capital Management LLC lifted its stake in shares of REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company's stock valued at $213,000 after purchasing an additional 1,422 shares during the period. Franklin Resources Inc. purchased a new stake in REalloys during the fourth quarter worth $741,000. Finally, State of Wyoming purchased a new stake in REalloys during the second quarter worth $47,000. 3.58% of the stock is 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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