REalloys (NASDAQ:ALOY) Sees Unusually-High Trading Volume – Should You Buy?

REalloys Inc (NASDAQ:ALOY) saw strong trading volume on Friday . 1,325,906 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 1,316,242 shares.The stock last traded at $16.44 and had previously closed at $14.06.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Clear Str upgraded REalloys to a “strong-buy” rating in a research note on Wednesday, April 8th. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Finally, Needham & Company LLC assumed coverage on REalloys in a report on Monday, June 1st. They set 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 issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

REalloys Trading Up 8.3%

The company has a 50-day simple moving average of $10.39 and a 200 day simple moving average of $10.93. The firm has a market cap of $931.62 million, a PE ratio of -5.21 and a beta of 1.41.

REalloys (NASDAQ:ALOY) last released 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). REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.The company had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $0.60 million.

Insider Buying and Selling

In other REalloys news, insider Gust Kepler sold 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the sale, the insider directly owned 414,218 shares of the company’s stock, valued at approximately $5,339,270.02. This trade represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.10% of the company’s stock.

Institutional Trading of REalloys

Several institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. acquired a new stake in REalloys in the fourth quarter valued at approximately $741,000. Geode Capital Management LLC grew its holdings in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after purchasing an additional 1,422 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in REalloys in the fourth quarter valued at approximately $81,000. Canton Hathaway LLC acquired a new stake in shares of REalloys in the fourth quarter worth approximately $95,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of REalloys in the second quarter worth approximately $62,000. 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.