Shares of USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) traded down 3.3% during mid-day trading on Tuesday . The stock traded as low as $8.92 and last traded at $8.99. 83,825 shares were traded during trading, a decline of 90% from the average session volume of 840,506 shares. The stock had previously closed at $9.30.
Analyst Ratings Changes
Separately, Roth Capital assumed coverage on USA Rare Earth in a report on Thursday. They set a "buy" rating and a $15.00 price objective for the company.
Check Out Our Latest Research Report on USA Rare Earth
USA Rare Earth Stock Performance
USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings data 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. Titleist Asset Management LLC bought a new stake in USA Rare Earth Inc (NASDAQ:USAR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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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