ALM Should I Buy
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Almonty Industries Inc (ALM) is not a strong buy at the moment for a beginner investor with a long-term strategy. Despite positive catalysts such as bullish analyst ratings and increasing tungsten prices, the stock's recent price decline, overbought RSI levels, and weak financial performance suggest caution. A hold is recommended until clearer growth trends or a more favorable entry point emerges.
The stock's MACD is positive but contracting, indicating weakening momentum. RSI is neutral at 46.214, but recent news suggests overbought conditions with RSI at 74.1. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but the stock has fallen below the pivot level of 12.989, with support at 11.433 and resistance at 14.546. Recent price action shows a -9.94% decline in regular trading, indicating bearish sentiment.
Bullish analyst ratings with price target increases from multiple firms (e.g., $16 from Oppenheimer, $18 from DA Davidson).
Tungsten prices trending higher, which supports the company's growth prospects.
Strategic initiatives such as equity financing and active mining operations at Sangdong.
Significant price drop of -9.94% in regular trading and -2.54% in pre-market.
Overbought RSI levels (74.1), suggesting potential for further price correction.
Poor financial performance in the latest quarter, with net income dropping -724.01% YoY and EPS declining -533.33% YoY.
In Q3 2025, revenue grew by 27.98% YoY to $8,695,000, but net income dropped significantly by -724.01% YoY to $33,191,000. EPS also declined by -533.33% YoY to 0.13. Gross margin improved by 49.28% YoY to 14.42, but overall profitability remains a concern.
Analysts are bullish on ALM, with price target increases from $12 to $16 (Oppenheimer), $9.50 to $14 (Alliance Global), and $12 to $18 (DA Davidson). Analysts cite rising tungsten prices and strategic initiatives as key drivers for growth. However, BNP Paribas downgraded the stock to Neutral, indicating mixed sentiment.
