USA Rare Earth (NASDAQ:USAR) Trading 1.6% Higher - What's Next?

Key Points

• USA Rare Earth Inc. shares rose 1.6% during trading on Monday, with a last traded price of $16.14, following a substantial dip in trading volume.
• Analysts have mixed opinions on the stock, with Roth Capital maintaining a "buy" rating while Wall Street Zen downgraded it from "hold" to "sell." The stock has an average rating of "buy" and a target price of $16.00.
• Recent insider activities include the sale of over 2 million shares by Director Michael Blitzer for approximately $32.9 million, while institutional investors have significantly increased their holdings in the company.

Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) traded up 1.6% during trading on Monday . The company traded as high as $16.56 and last traded at $16.14. 2,030,223 shares were traded during trading, a decline of 16% from the average session volume of 2,421,549 shares. The stock had previously closed at $15.89.

Analyst Ratings Changes

A number of analysts have commented on the stock. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Cantor Fitzgerald assumed coverage on shares of USA Rare Earth in a research report on Friday, August 1st. They set an "overweight" rating and a $16.00 price target on the stock. Canaccord Genuity Group assumed 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 on the stock. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $16.00.

USA Rare Earth Stock Performance

The company has a 50 day moving average of $13.19.

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 for the quarter, topping the consensus estimate of ($0.13) by $0.05.

Insider Buying and Selling at USA Rare Earth

In other 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 SEC, which can be accessed through the SEC website. 46.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock worth $25,000 after acquiring an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. grew its position in USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock valued at $29,000 after purchasing an additional 2,612 shares in the last quarter. LMR Partners LLP purchased a new position in USA Rare Earth during the second quarter valued at approximately $145,000. Titleist Asset Management LLC purchased a new position in USA Rare Earth during the first quarter valued at approximately $145,000. Finally, Diametric Capital LP purchased a new position in USA Rare Earth during the second quarter valued at approximately $147,000.

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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