REalloys (NASDAQ:ALOY) Price Target Lowered to $16.00 at Needham & Company LLC

REalloys (NASDAQ:ALOY) had its price target reduced by Needham & Company LLC from $19.00 to $16.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on ALOY. Weiss Ratings upgraded REalloys from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 18th. Clear Str raised shares of REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Performance

Shares of ALOY opened at $8.19 on Wednesday. The company’s 50 day moving average price is $12.43 and its 200 day moving average price is $12.02. REalloys has a 52 week low of $5.64 and a 52 week high of $26.90. The company has a market capitalization of $563.31 million, a PE ratio of -2.80 and a beta of 1.31.

REalloys (NASDAQ:ALOY) last released its quarterly earnings data 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 analyst estimates of $0.60 million. REalloys had a negative net margin of 4,326.08% and a negative return on equity of 382.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALOY. Franklin Resources Inc. bought a new position in REalloys in the 4th quarter worth approximately $741,000. Geode Capital Management LLC boosted its position in shares of REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of REalloys in the second quarter worth $62,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of REalloys in the fourth quarter worth $81,000. Finally, Canton Hathaway LLC bought a new position in REalloys during the fourth quarter worth $95,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.