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

Key Points

• REalloys (NASDAQ:ALOY) gapped up premarket, opening at $8.42 from $7.99 and trading up about 15.5% with the last trade near $8.84 on volume ~997,220; market cap is roughly $527 million and the 50/200-day moving averages are $12.90/$10.13.
• Analyst coverage is mixed but unfavorable overall — the MarketBeat consensus is Sell, Weiss Ratings reaffirmed a "sell (d-)" and Wall Street Zen recently nudged the stock to a "hold."
• Fundamentals show weakness: REalloys posted a ($0.40) EPS and $0.63M revenue last quarter with negative ROE and net margin, while insider Gust Kepler sold 62,000 shares at $12.89 and insiders own about 20.1% of the stock.

REalloys Inc (NASDAQ:ALOY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.99, but opened at $8.42. REalloys shares last traded at $8.8430, with a volume of 997,220 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALOY. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of REalloys in a research report on Wednesday, January 21st. Wall Street Zen raised REalloys from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

REalloys Trading Up 15.5%

The stock has a market capitalization of $527.07 million, a price-to-earnings ratio of -7.86 and a beta of 1.70. The stock's 50 day moving average is $12.90 and its two-hundred day moving average is $10.13.

REalloys (NASDAQ:ALOY - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. The business had revenue of $0.63 million for the quarter. REalloys had a negative return on equity of 96.75% and a negative net margin of 182.07%.

Insider Activity

In other REalloys news, insider Gust Kepler sold 62,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $12.89, for a total transaction of $799,180.00. Following the transaction, the insider owned 414,218 shares in the company, valued at $5,339,270.02. This represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.10% of the stock is currently owned by insiders.

Institutional Trading of REalloys

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new position in shares of REalloys during the second quarter valued at $62,000. Pekin Hardy Strauss Inc. acquired a new stake in REalloys in the fourth quarter worth $81,000. Canton Hathaway LLC acquired a new stake in REalloys in the fourth quarter worth $95,000. Geode Capital Management LLC grew its holdings in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company's stock worth $213,000 after purchasing an additional 1,422 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in REalloys in the fourth quarter worth $741,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.