USA Rare Earth (NASDAQ:USAR) Stock Price Down 7.6% - What's Next?

Key Points

• USA Rare Earth Inc. (NASDAQ:USAR) shares dropped by 7.6% on Tuesday, closing at $13.79, following a decline in trading volume.
• Analysts have mixed ratings for the stock, with Roth Capital maintaining a "buy" rating while Wall Street Zen downgraded it to a "sell", indicating a divided outlook.
• Insider transactions revealed that Director Michael Blitzer sold over 2 million shares for approximately $32.9 million, raising concerns about confidence in the stock.

Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) fell 7.6% during mid-day trading on Tuesday . The stock traded as low as $13.77 and last traded at $13.79. 2,078,168 shares changed hands during trading, a decline of 17% from the average session volume of 2,497,407 shares. The stock had previously closed at $14.92.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on USAR. Cantor Fitzgerald began coverage on shares of USA Rare Earth in a report on Friday, August 1st. They set an "overweight" rating and a $16.00 target price for the company. Roth Capital reissued a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Wall Street Zen downgraded shares of USA Rare Earth from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Canaccord Genuity Group started coverage on shares of USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $16.00.

USA Rare Earth Trading Down 1.8%

The business has a 50-day moving average of $13.65.

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

Insider Buying and Selling

In other USA Rare Earth news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total value of $32,946,621.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 46.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock worth $25,000 after acquiring an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock worth $29,000 after acquiring an additional 2,612 shares during the last quarter. Osaic Holdings Inc. purchased a new position in shares of USA Rare Earth during the 2nd quarter worth $38,000. Titleist Asset Management LLC boosted its stake in shares of USA Rare Earth by 20.2% during the 2nd quarter. Titleist Asset Management LLC now owns 29,380 shares of the company's stock worth $322,000 after acquiring an additional 4,930 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in shares of USA Rare Earth during the 2nd quarter worth $145,000.

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.