USA Rare Earth (USAR) Stock Jumps 6% as Earnings and Merger Vote Near
TLDR
- USAR stock rose 6.3% in pre-market trading to $18.51 ahead of Q2 earnings due August 10
- 8 analysts rate USAR a “Strong Buy” with an average 12-month price target of $37.50
- A special shareholder meeting on August 28 will vote on the merger with SVRE Holdings Ltd.
- The SVRE deal values the transaction at $300 million in cash plus 126 million+ common stock, with SVRE securityholders owning 34.1% of the combined entity
- Last quarter, USAR beat EPS estimates, reporting a $0.12 loss vs. the expected $0.16 loss on $5.7 million in revenue
USA Rare Earth (USAR) stock climbed 6.3% in pre-market trading on August 7, hitting $18.51, as investors positioned ahead of the company’s Q2 earnings report due after the close on August 10.
The stock had already moved 1.5% higher in the prior session, trading as high as $18.01 before settling at $17.41. Volume came in at around 10.3 million, down 39% from the average daily volume of 16.8 million.
Despite the recent move, USAR still trades below both its 50-day moving average of $20.10 and its 200-day moving average of $20.52. The stock also remains well below its 52-week high of $43.98.
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