USA Rare Earth Sees Unusually Large Options Volume (NASDAQ:USAR)

USA Rare Earth Inc. (NASDAQ:USAR) was the target of some unusual options trading activity on Tuesday. Investors acquired 23,652 call options on the company. This is an increase of approximately 145% compared to the average daily volume of 9,650 call options.

Wall Street Analyst Weigh In

USAR has been the subject of a number of analyst reports. Canaccord Genuity Group assumed coverage on USA Rare Earth in a research report on Friday, June 13th. They set a “buy” rating and a $17.00 price objective for the company. Roth Capital reissued a “buy” rating on shares of USA Rare Earth in a report on Friday, June 13th. Finally, Wall Street Zen raised shares of USA Rare Earth to a “sell” rating in a report on Saturday, June 14th.

Hedge Funds Weigh In On USA Rare Earth

An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC acquired a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 692,650 shares of the company’s stock, valued at approximately $4,114,000. USA Rare Earth makes up about 0.7% of Newtyn Management LLC’s holdings, making the stock its 24th biggest position. Newtyn Management LLC owned 0.85% of USA Rare Earth at the end of the most recent quarter.

USA Rare Earth Price Performance

USAR opened at $15.54 on Wednesday. The business has a 50 day moving average price of $10.76. USA Rare Earth has a 1-year low of $5.56 and a 1-year high of $20.00.

USA Rare Earth (NASDAQ:USAR) last announced its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.

USA Rare Earth Company Profile

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.