REalloys (NASDAQ:ALOY) Shares Up 6.7% – Should You Buy?

REalloys Inc (NASDAQ:ALOY)’s share price shot up 6.7% during trading on Wednesday . The stock traded as high as $13.04 and last traded at $13.0010. 925,854 shares changed hands during trading, a decline of 42% from the average daily volume of 1,606,782 shares. The stock had previously closed at $12.18.

Analyst Upgrades and Downgrades

ALOY has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of REalloys in a report on Thursday, July 2nd. Clear Str raised shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

REalloys Trading Up 6.6%

The company has a market cap of $892.97 million, a price-to-earnings ratio of -4.44 and a beta of 1.31. The business has a fifty day moving average of $12.16 and a two-hundred day moving average of $11.85.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($1.98) EPS for the quarter, missing the consensus estimate of ($0.02) by ($1.96). The business had revenue of $0.71 million during the quarter, compared to analyst estimates of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Institutional Investors Weigh In On REalloys

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALOY. Corient Private Wealth LLC acquired a new stake in shares of REalloys in the second quarter valued at about $62,000. Pekin Hardy Strauss Inc. purchased a new position in REalloys in the 4th quarter valued at about $81,000. Canton Hathaway LLC purchased a new position in REalloys in the 4th quarter valued at about $95,000. Geode Capital Management LLC boosted its holdings in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after buying an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in REalloys in the 4th quarter worth about $741,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.