USA Rare Earth (NASDAQ:USAR) Sees Strong Trading Volume - Time to Buy?

Key Points

• USA Rare Earth Inc. experienced unusually high trading volume with approximately 3.3 million shares traded, though this was a 5% decrease from the previous session.
• Analysts have mixed opinions on the stock, with ratings ranging from "buy" to "sell", and an average target price of $17.67.
• Insider transactions revealed that Director Michael Blitzer sold over 2 million shares for approximately $32.9 million, indicating significant movement among company insiders.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 3,275,050 shares were traded during trading, a decline of 5% from the previous session's volume of 3,455,698 shares.The stock last traded at $29.01 and had previously closed at $27.02.

Analysts Set New Price Targets

Several analysts have issued reports on USAR shares. Weiss Ratings restated a "sell (d-)" rating on shares of USA Rare Earth in a research report on Wednesday. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a report on Monday, September 29th. Wall Street Zen lowered shares of USA Rare Earth from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Canaccord Genuity Group increased their target price on shares of USA Rare Earth from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Finally, Cantor Fitzgerald began coverage on shares of USA Rare Earth in a report on Friday, August 1st. They set an "overweight" rating and a $16.00 target price for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average target price of $17.67.

USA Rare Earth Stock Up 15.0%

The stock's 50-day moving average is $16.53.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.05.

Insider Buying and Selling at USA Rare Earth

In other USA Rare Earth news, Director Michael Blitzer sold 2,091,849 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total transaction of $32,946,621.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 46.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Newtyn Management LLC purchased a new position in shares of USA Rare Earth during the 1st quarter worth approximately $4,114,000. Titleist Asset Management LLC purchased a new stake in shares of USA Rare Earth in the 1st quarter worth approximately $145,000. Raymond James Financial Inc. purchased a new stake in shares of USA Rare Earth in the 2nd quarter worth approximately $223,000. LMR Partners LLP purchased a new stake in shares of USA Rare Earth in the 2nd quarter worth approximately $145,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of USA Rare Earth in the 2nd quarter worth approximately $38,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.