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 momentum in tungsten prices and bullish analyst ratings, the stock is currently overbought, with technical indicators suggesting a potential pullback. Additionally, the company's financial performance shows significant net income and EPS declines, which could be a concern for long-term growth. Given these factors, it is better to hold off on investing in ALM at this time.
The stock is in a bullish trend with MACD positive and expanding, moving averages aligned bullishly (SMA_5 > SMA_20 > SMA_200). However, RSI at 86.524 indicates overbought conditions, suggesting a potential pullback. Key resistance levels are at 17.182 and 18.489, while support levels are at 15.065 and 12.949.
Record-high tungsten prices, active mining at Sangdong Tungsten Mine, and future growth catalysts such as expansion into North America and drilling programs. Analysts have raised price targets, reflecting confidence in the company's strategic initiatives.
The stock is overbought, with a high RSI indicating potential for a short-term pullback. Financial performance shows a significant drop in net income (-724.01% YoY) and EPS (-533.33% YoY), which could deter long-term investors.
In Q3 2025, revenue increased by 27.98% YoY to $8,695,000, but net income dropped by -724.01% YoY to $33,191,000, and EPS fell by -533.33% YoY to 0.13. Gross margin improved by 49.28% YoY to 14.42.
Analysts are bullish on ALM, with multiple price target increases: B. Riley raised the target to $17, Oppenheimer to $16, and Alliance Global to $14. Analysts highlight strong tungsten prices and strategic initiatives as key drivers for growth.
