Traders Purchase High Volume of REalloys Put Options (NASDAQ:ALOY)

Key Points

• Put-option activity surged: Traders purchased 7,638 REalloys put options, 390% above the average volume of 1,560 contracts, signaling unusually high bearish or hedging interest.
• REalloys reported a major earnings miss: The company posted a quarterly loss of $1.98 per share versus consensus expectations for a $0.02 loss, despite revenue of $0.71 million exceeding estimates.
• Analyst sentiment remains mixed: REalloys has a “Moderate Buy” consensus rating and a $16 price target, while its shares recently traded at $12.82; institutional ownership remains limited at 3.58%.

REalloys Inc (NASDAQ:ALOY - Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 7,638 put options on the stock. This represents an increase of 390% compared to the average volume of 1,560 put options.

REalloys Stock Performance

NASDAQ:ALOY traded up $0.07 during trading hours on Wednesday, reaching $12.82. The company's stock had a trading volume of 1,189,489 shares, compared to its average volume of 1,813,833. The stock has a 50 day moving average price of $12.41 and a two-hundred day moving average price of $11.95. The company has a market capitalization of $881.79 million, a P/E ratio of -4.39 and a beta of 1.35. REalloys has a 12 month low of $5.64 and a 12 month high of $26.90.

REalloys (NASDAQ:ALOY - Get Free Report) last announced its earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share (EPS) 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 the consensus estimate of $0.60 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALOY shares. Wall Street Zen upgraded REalloys from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings upgraded REalloys from a "sell (e)" rating to a "sell (d-)" rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC decreased their price objective on REalloys from $19.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. One 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.com, REalloys currently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Institutional Investors Weigh In On REalloys

A number of hedge funds have recently made changes to their positions in ALOY. State of Wyoming purchased a new position in REalloys in the second quarter valued at about $47,000. Corient Private Wealth LLC bought a new stake in shares of REalloys in the 2nd quarter valued at about $62,000. Pekin Hardy Strauss Inc. bought a new stake in shares of REalloys in the 4th quarter valued at about $81,000. Quantbot Technologies LP bought a new stake in shares of REalloys in the 2nd quarter valued at about $132,000. Finally, Geode Capital Management LLC grew its position 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 worth $213,000 after buying an additional 1,422 shares during the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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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