USA Rare Earth Inc (NASDAQ:USAR - Get Free Report)'s stock price fell 4.7% during trading on Tuesday . The stock traded as low as $8.95 and last traded at $9.00. 209,183 shares traded hands during trading, a decline of 75% from the average session volume of 848,441 shares. The stock had previously closed at $9.44.
Wall Street Analysts Forecast Growth
Separately, Roth Capital assumed coverage on USA Rare Earth in a research report on Thursday, May 29th. They set a "buy" rating and a $15.00 price target on the stock.
View Our Latest Analysis on USA Rare Earth
USA Rare Earth Stock Performance
USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On USA Rare Earth
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC bought a new stake in shares of USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,450 shares of the company's stock, valued at approximately $145,000.
USA Rare Earth Company Profile
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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.
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