USA Rare Earth (NASDAQ:USAR) Shares Gap Down - Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $12.73, but opened at $11.78. USA Rare Earth shares last traded at $11.39, with a volume of 1,550,698 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on USAR. Canaccord Genuity Group started coverage on USA Rare Earth in a report on Friday, June 13th. They issued a "buy" rating and a $17.00 target price on the stock. Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a report on Saturday, June 14th. Finally, Roth Capital reissued a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th.

USA Rare Earth Trading Down 2.1%

The business's 50-day moving average is $10.87.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth comprises 0.7% of Newtyn Management LLC's investment portfolio, making the stock its 24th largest holding. Newtyn Management LLC owned 0.85% of USA Rare Earth at the end of the most recent reporting period.

About USA Rare Earth

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.