REalloys (NASDAQ:ALOY) Sees Strong Trading Volume – Here’s Why

Shares of REalloys Inc (NASDAQ:ALOY) saw strong trading volume on Thursday . 1,020,214 shares were traded during mid-day trading, a decline of 30% from the previous session’s volume of 1,450,688 shares.The stock last traded at $14.1080 and had previously closed at $16.67.

Wall Street Analysts Forecast Growth

ALOY has been the topic of a number of analyst reports. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Needham & Company LLC initiated coverage on REalloys in a report on Monday, June 1st. They set a “buy” rating and a $19.00 price objective for the company. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. Finally, Clear Str upgraded REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

REalloys Stock Performance

The firm has a market capitalization of $852.35 million, a P/E ratio of -4.79 and a beta of 1.41. The stock’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $11.53.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($1.98) earnings per share (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 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%.

Institutional Investors Weigh In On REalloys

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 1,422 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in REalloys in the fourth quarter worth about $81,000. Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter worth about $62,000. Canton Hathaway LLC purchased a new stake in REalloys in the fourth quarter worth about $95,000. Finally, Franklin Resources Inc. bought a new position in REalloys during the 4th quarter worth about $741,000. 3.58% of the stock is currently owned by hedge funds and other 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.