REalloys (NASDAQ:ALOY) Trading Down 9.2% - Here's What Happened

Key Points

• REalloys shares fell 9.2% in midday trading, hitting an intraday low of $8.17 and last trading at $8.07 on volume well below average.
• Analysts remain mixed but generally constructive: Needham reiterated a Buy rating with a $19 price target, while MarketBeat shows a consensus rating of Moderate Buy.
• The company’s recent earnings were weak, with EPS of -$1.98 versus expectations of -$0.02, even though revenue came in slightly above estimates at $0.71 million.

REalloys Inc (NASDAQ:ALOY - Get Free Report) shares traded down 9.2% during mid-day trading on Monday . The company traded as low as $8.17 and last traded at $8.07. Approximately 498,151 shares traded hands during trading, a decline of 69% from the average daily volume of 1,601,485 shares. The stock had previously closed at $8.89.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ALOY shares. Weiss Ratings upgraded shares of REalloys from a "sell (e)" rating to a "sell (d-)" rating in a research report on Thursday, June 18th. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 target price on shares of REalloys in a research note on Thursday, July 2nd. Finally, Clear Str raised shares of REalloys to a "strong-buy" rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.00.

REalloys Stock Performance

The firm has a market cap of $561.38 million, a PE ratio of -2.80 and a beta of 1.31. The stock's 50 day simple moving average is $12.47 and its 200 day simple moving average is $12.01.

REalloys (NASDAQ:ALOY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate 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 Investors Weigh In On REalloys

Several hedge funds have recently added to or reduced their stakes in ALOY. Pekin Hardy Strauss Inc. bought a new position in shares of REalloys during the 4th quarter valued at about $81,000. Corient Private Wealth LLC bought a new stake in REalloys in the 2nd quarter worth approximately $62,000. Canton Hathaway LLC purchased a new stake in REalloys in the fourth quarter worth approximately $95,000. Geode Capital Management LLC boosted its stake 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 buying an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in REalloys during the fourth quarter valued at approximately $741,000. Institutional investors 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.

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.