USA Rare Earth (NASDAQ:USAR) Stock Price Down 8.5% – Time to Sell?

USA Rare Earth Inc. (NASDAQ:USAR) fell 8.5% on Wednesday. The stock traded as low as $10.15 and last traded at $10.32. Approximately 20,813,321 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 16,018,357 shares. The stock had previously closed at $11.28.

Analyst Ratings Changes

USAR has been the subject of a number of research analyst reports. Needham & Company LLC lowered their price objective on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Roth Capital lowered their target price on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Jefferies Financial Group started coverage on USA Rare Earth in a report on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.71.

USA Rare Earth Price Performance

The firm’s 50 day moving average price is $16.47 and its two-hundred day moving average price is $19.21. The stock has a market cap of $2.53 billion, a PE ratio of -4.25 and a beta of 2.66.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. Analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USAR. GAMMA Investing LLC lifted its position in USA Rare Earth by 55.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,738 shares of the company’s stock worth $81,000 after buying an additional 2,042 shares during the last quarter. Overbrook Management Corp bought a new position in shares of USA Rare Earth during the third quarter valued at approximately $3,145,000. Farther Finance Advisors LLC increased its position in USA Rare Earth by 41.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 18,829 shares of the company’s stock valued at $265,000 after purchasing an additional 5,540 shares during the period. MCF Advisors LLC purchased a new stake in shares of USA Rare Earth in the 2nd quarter worth about $43,000. Finally, RFG Advisory LLC lifted its stake in shares of USA Rare Earth by 459.1% in the 2nd quarter. RFG Advisory LLC now owns 59,835 shares of the company’s stock valued at $1,291,000 after purchasing an additional 49,133 shares during the period.

USA Rare Earth Company Profile

USA Rare Earth, Inc is a U.S.-based critical minerals company focused on developing a domestic, vertically integrated supply chain for rare earth elements and rare earth permanent magnets. The company’s activities span the planned mining and processing of rare earth materials and the manufacture of neodymium-iron-boron (NdFeB) magnets, which are used in electric vehicles, renewable energy systems, electronics, aerospace and defense applications.

The company’s principal resource project is the Round Top rare earth and critical minerals project in Hudspeth County, Texas.