REalloys (NASDAQ:ALOY) Stock Price Down 7.6% – Time to Sell?

REalloys Inc (NASDAQ:ALOY)’s share price fell 7.6% during mid-day trading on Wednesday . The stock traded as low as $10.65 and last traded at $10.75. 436,779 shares traded hands during trading, a decline of 63% from the average session volume of 1,191,370 shares. The stock had previously closed at $11.64.

Analyst Ratings Changes

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

REalloys Price Performance

The firm has a market capitalization of $639.64 million, a price-to-earnings ratio of -3.58 and a beta of 1.41. The business’s 50 day moving average price is $9.83 and its 200-day moving average price is $10.56.

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

Insider Buying and Selling at REalloys

In related news, insider Gust Kepler sold 62,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 414,218 shares of the company’s stock, valued at $5,339,270.02. This represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 20.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On REalloys

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in shares of REalloys in the fourth quarter valued at about $741,000. Canton Hathaway LLC purchased a new position in REalloys in the fourth quarter valued at about $95,000. Corient Private Wealth LLC acquired a new stake in shares of REalloys during the 2nd quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys during the 4th quarter worth approximately $81,000. Finally, Geode Capital Management LLC boosted its stake 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 worth $213,000 after acquiring an additional 1,422 shares in the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

About REalloys

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.