USA Rare Earth Sees Unusually High Options Volume (NASDAQ:USAR)

Key Points

• USA Rare Earth Inc. (NASDAQ:USAR) experienced a significant increase in options trading, with traders acquiring 20,858 call options, up approximately 95% from average volumes.
• Multiple analysts have recently provided coverage on USAR, with Canaccord Genuity issuing a "buy" rating and a price target of $17.00.
• The stock reached $14.32 during midday trading, with an average trading volume of 7,930,617 shares, significantly surpassing its typical volume of 1,829,334 shares.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders acquired 20,858 call options on the company. Thisisanincreaseofapproximately95% compared to the typical volume of 10,674 call options.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on USAR shares. Canaccord Genuity Group started coverage on shares of USA Rare Earth in a report on Friday, June 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Cantor Fitzgerald started coverage on shares of USA Rare Earth in a report on Friday. They issued an "overweight" rating and a $16.00 price objective on the stock. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Finally, Wall Street Zen upgraded shares of USA Rare Earth from a "strong sell" rating to a "hold" rating in a report on Saturday.

Institutional Trading of USA Rare Earth

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Titleist Asset Management LLC purchased a new position in USA Rare Earth in the 1st quarter valued at approximately $145,000. International Assets Investment Management LLC purchased a new position in USA Rare Earth in the 2nd quarter valued at approximately $250,000. Finally, Newtyn Management LLC purchased a new position in USA Rare Earth in the 1st quarter valued at approximately $4,114,000.

USA Rare Earth Price Performance

NASDAQ:USAR traded up $0.38 during midday trading on Monday, hitting $14.32. 7,930,617 shares of the company were exchanged, compared to its average volume of 1,829,334. The stock has a fifty day moving average of $11.68. USA Rare Earth has a fifty-two week low of $5.56 and a fifty-two week high of $20.00.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.

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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