REalloys (NASDAQ:ALOY) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of REalloys (NASDAQ:ALOY) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Several other research analysts also recently commented on the stock. Needham & Company LLC decreased their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One 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’s stock. According to data from MarketBeat.com, REalloys presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Price Performance

Shares of REalloys stock opened at $10.10 on Friday. The business’s 50 day simple moving average is $11.10 and its two-hundred day simple moving average is $11.94. The stock has a market capitalization of $696.80 million, a P/E ratio of -3.20 and a beta of 1.37. REalloys has a one year low of $5.92 and a one year high of $26.90.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. The company had revenue of $0.80 million during the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

Institutional Investors Weigh In On REalloys

Several institutional investors and hedge funds have recently bought and sold shares of the business. 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. State of Wyoming purchased a new stake in REalloys in the second quarter worth $47,000. Legal & General Group Plc purchased a new stake in REalloys in the second quarter worth $80,000. Quantbot Technologies LP bought a new position in REalloys in the 2nd quarter valued at approximately $132,000. Finally, Corient Private Wealth LLC bought a new position in REalloys in the 2nd quarter valued at approximately $62,000. Hedge funds and other institutional investors 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.