USA Rare Earth (NASDAQ:USAR) Stock Price Down 4.9% - What's Next?

Key Points

• USA Rare Earth Inc. shares fell by 4.9% to $17.29, with a trading volume decrease of 33% from its average.
• Analyst sentiment is mixed, with Wall Street Zen downgrading the stock from "hold" to "sell," while Roth Capital maintains a "buy" rating.
• Insider Director Michael Blitzer sold over 2 million shares for approximately $32.9 million, indicating potential changes in ownership dynamics.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares were down 4.9% on Friday . The stock traded as low as $17.27 and last traded at $17.29. Approximately 1,868,744 shares changed hands during trading, a decline of 33% from the average daily volume of 2,807,254 shares. The stock had previously closed at $18.19.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on USAR shares. Wall Street Zen cut shares of USA Rare Earth from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Canaccord Genuity Group started coverage on shares of USA Rare Earth in a research note on Friday, June 13th. They set a "buy" rating and a $17.00 target price for the company. Finally, Cantor Fitzgerald assumed coverage on shares of USA Rare Earth in a research note on Friday, August 1st. They issued an "overweight" rating and a $16.00 price objective for the company. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, USA Rare Earth has a consensus rating of "Buy" and a consensus price target of $16.00.

USA Rare Earth Stock Performance

The company has a fifty day moving average price of $14.77.

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

Insiders Place Their Bets

In related news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total transaction of $32,946,621.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.60% of the stock is owned by insiders.

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USAR. Titleist Asset Management LLC bought a new stake in USA Rare Earth during the 1st quarter valued at about $145,000. Newtyn Management LLC bought a new stake in USA Rare Earth during the 1st quarter valued at about $4,114,000. International Assets Investment Management LLC bought a new stake in USA Rare Earth during the 2nd quarter valued at about $250,000. MMCAP International Inc. SPC bought a new stake in USA Rare Earth during the 2nd quarter valued at about $261,000. Finally, Pier 88 Investment Partners LLC bought a new stake in USA Rare Earth during the 2nd quarter valued at about $588,000.

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.

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