REalloys (NASDAQ:ALOY) Stock Rating Lowered by Wall Street Zen

REalloys (NASDAQ:ALOY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts also recently issued reports about the stock. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Needham & Company LLC dropped their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

REalloys Trading Down 5.9%

Shares of ALOY stock opened at $7.03 on Friday. The firm has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $11.97. The company has a market capitalization of $483.52 million, a PE ratio of -2.41 and a beta of 1.31. REalloys has a twelve month low of $5.64 and a twelve month high of $26.90.

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

Institutional Investors Weigh In On REalloys

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake 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 acquiring an additional 1,422 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of REalloys in the fourth quarter worth approximately $81,000. Corient Private Wealth LLC purchased a new stake in shares of REalloys in the second quarter worth approximately $62,000. Canton Hathaway LLC acquired a new stake in shares of REalloys during the fourth quarter worth approximately $95,000. Finally, Franklin Resources Inc. acquired a new stake in shares of REalloys during the fourth quarter worth approximately $741,000. Institutional investors and hedge funds 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.