REalloys (NASDAQ:ALOY) Stock Price Up 9.8% – Here’s Why

REalloys Inc (NASDAQ:ALOY)’s share price rose 9.8% during mid-day trading on Monday . The stock traded as high as $13.90 and last traded at $13.70. Approximately 778,913 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 1,267,321 shares. The stock had previously closed at $12.48.

Analysts Set New Price Targets

ALOY has been the subject of several analyst reports. Weiss Ratings raised shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Needham & Company LLC started coverage on shares of REalloys in a report on Monday, June 1st. They issued a “buy” rating and a $19.00 target price for the company. Finally, Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, REalloys currently has an average rating of “Moderate Buy” and an average price target of $19.00.

REalloys Trading Up 14.8%

The firm has a market cap of $876.89 million, a PE ratio of -4.92 and a beta of 1.41. The firm’s 50 day simple moving average is $9.96 and its 200 day simple moving average is $10.71.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings results on Tuesday, May 19th. The company reported ($1.98) EPS for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The company had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Insider Buying and Selling

In other news, insider Gust Kepler sold 62,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total transaction of $799,180.00. Following the completion of the transaction, the insider directly owned 414,218 shares in the company, valued at approximately $5,339,270.02. This represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ALOY. Franklin Resources Inc. bought a new position in shares of REalloys during the 4th quarter valued at approximately $741,000. Canton Hathaway LLC bought a new position in shares of REalloys during the 4th quarter valued at approximately $95,000. Corient Private Wealth LLC bought a new position in shares of REalloys during the 2nd quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. bought a new position in shares of REalloys during the 4th quarter valued at approximately $81,000. Finally, Geode Capital Management LLC boosted its position in shares of REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.