REalloys (NASDAQ:ALOY) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of REalloys (NASDAQ:ALOY) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Clear Str upgraded shares of REalloys to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Finally, Needham & Company LLC dropped their price objective on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. One 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Stock Up 10.2%

NASDAQ:ALOY opened at $7.75 on Friday. The firm has a market capitalization of $533.04 million, a P/E ratio of -2.65 and a beta of 1.31. The company has a fifty day moving average of $12.35 and a 200 day moving average of $11.98. REalloys has a 52 week low of $5.64 and a 52 week high of $26.90.

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). REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.The firm had revenue of $0.71 million during the quarter, compared to the consensus estimate of $0.60 million.

Institutional Investors Weigh In On REalloys

Institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. bought a new stake in shares of REalloys during the 4th quarter valued at about $741,000. Geode Capital Management LLC raised its stake in REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after buying an additional 1,422 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in REalloys in the fourth quarter worth about $81,000. Canton Hathaway LLC bought a new position in REalloys in the fourth quarter worth about $95,000. Finally, Corient Private Wealth LLC purchased a new stake in REalloys in the second quarter worth about $62,000. 3.58% of the stock is 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.