REalloys (NASDAQ:ALOY) Trading Up 10.9% – What’s Next?

Shares of REalloys Inc (NASDAQ:ALOY) were up 10.9% during trading on Wednesday . The stock traded as high as $15.81 and last traded at $16.1750. Approximately 1,062,573 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 1,371,111 shares. The stock had previously closed at $14.59.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ALOY shares. Clear Str raised REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. 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 initiated coverage on shares of REalloys in a research note on Monday, June 1st. They set a “buy” rating and a $19.00 price target on the stock. Finally, Weiss Ratings upgraded shares of REalloys from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

REalloys Price Performance

The stock has a market capitalization of $1.01 billion, a PE ratio of -5.62 and a beta of 1.41. The firm has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $11.08.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings data on Tuesday, May 19th. 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 the consensus estimate of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Hedge Funds Weigh In On REalloys

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new position in REalloys in the fourth quarter worth approximately $741,000. Canton Hathaway LLC bought a new stake in REalloys during the 4th quarter valued at $95,000. Corient Private Wealth LLC bought a new stake in REalloys during the 2nd quarter valued at $62,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys in the 4th quarter worth $81,000. Finally, Geode Capital Management LLC grew 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 worth $213,000 after buying an additional 1,422 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors.

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.