USA Rare Earth (NASDAQ:USAR) Shares Down 4.8% - What's Next?

USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) shares traded down 4.8% on Tuesday . The company traded as low as $12.80 and last traded at $13.30. 518,018 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,117,015 shares. The stock had previously closed at $13.97.

Wall Street Analyst Weigh In

Several research firms have issued reports on USAR. Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a report on Saturday. Canaccord Genuity Group started coverage on shares of USA Rare Earth in a report on Friday. They set a "buy" rating and a $17.00 price target on the stock. Finally, Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a research note on Friday.

USA Rare Earth Stock Down 12.1%

The stock has a 50 day moving average price of $10.72.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) 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. Newtyn Management LLC bought a new position in USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth comprises about 0.7% of Newtyn Management LLC's investment portfolio, making the stock its 24th largest holding. Newtyn Management LLC owned about 0.85% of USA Rare Earth at the end of the most recent quarter.

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.

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