USA Rare Earth (NASDAQ:USAR) Stock Price Down 5% - Time to Sell?

Key Points

• USA Rare Earth (NASDAQ:USAR) shares declined by 5% during Friday's trading session, closing at $16.89 after reaching a low of $16.40.
• Analysts have mixed perspectives, with Roth Capital maintaining a "buy" rating and Canaccord Genuity setting a $17.00 target price, while Wall Street Zen upgraded the rating from "strong sell" to "hold."
• The company reported earnings of ($0.08) per share, exceeding the expected loss of ($0.13), indicating better-than-anticipated performance in the last quarter.

Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) dropped 5% during trading on Friday . The stock traded as low as $16.40 and last traded at $16.89. Approximately 2,129,745 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 2,282,336 shares. The stock had previously closed at $17.78.

Analyst Ratings Changes

USAR has been the topic of several recent analyst reports. 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 USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 target price for the company. Wall Street Zen raised USA Rare Earth from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Cantor Fitzgerald started coverage on USA Rare Earth in a research note on Friday, August 1st. They set an "overweight" rating and a $16.00 price objective for the company.

USA Rare Earth Price Performance

The business has a 50-day moving average of $12.88.

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

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors 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 worth approximately $145,000. Newtyn Management LLC bought a new stake in USA Rare Earth during the 1st quarter worth approximately $4,114,000. International Assets Investment Management LLC bought a new stake in USA Rare Earth during the 2nd quarter worth approximately $250,000. MMCAP International Inc. SPC bought a new stake in USA Rare Earth during the 2nd quarter worth approximately $261,000. Finally, Pier 88 Investment Partners LLC bought a new stake in USA Rare Earth during the 2nd quarter worth approximately $588,000.

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.

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