Needham & Company LLC Lowers REalloys (NASDAQ:ALOY) Price Target to $16.00

REalloys (NASDAQ:ALOY) had its price objective decreased by stock analysts at Needham & Company LLC from $19.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 114.19% from the company’s previous close.

Other analysts also recently issued reports about the stock. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. One investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.00.

REalloys Price Performance

Shares of REalloys stock opened at $7.47 on Wednesday. The firm has a market cap of $513.79 million, a price-to-earnings ratio of -2.56 and a beta of 1.31. The stock has a 50-day simple moving average of $12.41 and a 200-day simple moving average of $12.00. REalloys has a 52-week low of $5.64 and a 52-week high of $26.90.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new stake in REalloys during the fourth quarter worth approximately $741,000. Geode Capital Management LLC grew its holdings in REalloys by 5.7% during 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 last quarter. Pekin Hardy Strauss Inc. acquired a new position in REalloys during the fourth quarter valued at approximately $81,000. Canton Hathaway LLC bought a new position in shares of REalloys in the fourth quarter valued at approximately $95,000. Finally, Corient Private Wealth LLC bought a new position in shares of REalloys in the second quarter valued at approximately $62,000. 3.58% of the stock is owned by institutional investors.

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.