REalloys (NASDAQ:ALOY) Shares Up 9.8% - What's Next?

Key Points

• REalloys shares jumped 9.8% to $12.15, reaching an intraday high of $12.50, although trading volume was 51% below the average session volume.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $16 price target, despite one sell rating and Needham lowering its target from $19.
• The company 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%; institutional investors own 3.58% of the stock.

REalloys Inc (NASDAQ:ALOY - Get Free Report)'s share price rose 9.8% during trading on Friday . The stock traded as high as $12.50 and last traded at $12.15. 911,481 shares changed hands during trading, a decline of 51% from the average session volume of 1,858,363 shares. The stock had previously closed at $11.07.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALOY. Wall Street Zen upgraded shares of REalloys from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Needham & Company LLC cut their price target on shares of REalloys from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised REalloys from a "sell (e)" rating to a "sell (d-)" rating in a research note 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 given a Sell rating to the company's stock. According to MarketBeat, REalloys currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

REalloys Stock Performance

The stock has a market cap of $852.03 million, a price-to-earnings ratio of -3.91 and a beta of 1.35. The stock's 50-day simple moving average is $12.34 and its two-hundred day simple moving average is $11.98.

REalloys (NASDAQ:ALOY - Get Free Report) last released its 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%.

Hedge Funds Weigh In On REalloys

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in REalloys in the second quarter valued at about $479,000. Legal & General Group Plc bought a new position in REalloys during the second quarter worth about $80,000. The Manufacturers Life Insurance Company bought a new position in REalloys during the second quarter worth about $216,000. Bank of New York Mellon Corp acquired a new stake in REalloys during the second quarter valued at approximately $2,294,000. Finally, Franklin Resources Inc. acquired a new stake in REalloys during the fourth quarter valued at approximately $741,000. Institutional investors and hedge funds own 3.58% of the company's stock.

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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