USA Rare Earth (NASDAQ:USAR) Trading Up 3.7% - Time to Buy?

Key Points

• USA Rare Earth Inc. (NASDAQ: USAR) saw its stock price increase by 3.7% during Thursday's trading, reaching a high of $16.34.
• Recent analyst ratings indicate mixed sentiments, with Roth Capital maintaining a "buy" rating, while Wall Street Zen downgraded the stock from "hold" to "sell."
• The company's most recent earnings report showed a net loss of ($0.08) EPS, which was better than the consensus estimate of ($0.13) EPS.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) traded up 3.7% during trading on Thursday . The stock traded as high as $16.34 and last traded at $16.27. 1,452,912 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 2,459,087 shares. The stock had previously closed at $15.69.

Wall Street Analysts Forecast Growth

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

USA Rare Earth Price Performance

The business has a 50-day simple moving average of $13.47.

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.

Insider Activity at USA Rare Earth

In related news, Director Michael Blitzer sold 2,091,849 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total value of $32,946,621.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 46.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock valued at $25,000 after acquiring an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. grew its position in USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock valued at $29,000 after acquiring an additional 2,612 shares during the last quarter. LMR Partners LLP bought a new position in USA Rare Earth in the second quarter valued at about $145,000. Diametric Capital LP bought a new position in USA Rare Earth in the second quarter valued at about $147,000. Finally, Raymond James Financial Inc. bought a new position in USA Rare Earth in the second quarter valued at about $223,000.

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.