As of close of business last night, REE Automotive Ltd.’s stock clocked out at $0.38, down -7.09% from its previous closing price of $0.41. In other words, the price has decreased by -$0.0290 from its previous closing price. On the day, 1272829 shares were traded. REE stock price reached its highest trading level at $0.4379 during the session, while it also had its lowest trading level at $0.3510.
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To gain a deeper understanding of REE’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
On March 25, 2022, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $1.
On January 14, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $9.Cantor Fitzgerald initiated its Overweight rating on January 14, 2022, with a $9 target price.
Stock Price History:
Over the past 52 weeks, REE has reached a high of $2.58, while it has fallen to a 52-week low of $0.29. The 50-Day Moving Average of the stock is 0.4542, while the 200-Day Moving Average is calculated to be 0.8220.
It appears that REE traded 631.34K shares on average per day over the past three months and 563.01k shares per day over the past ten days. A total of 327.17M shares are outstanding, with a floating share count of 205.72M. Insiders hold about 17.30% of the company’s shares, while institutions hold 23.40% stake in the company. Shares short for REE as of Jan 12, 2023 were 1.27M with a Short Ratio of 1.27M, compared to 1.48M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.52% and a Short% of Float of 0.53%.
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.13, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.36 and -$0.4 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is -$0.35, with 3 analysts recommending between -$0.22 and -$0.55.
Based on 4 analysts’ estimates, the company’s revenue will be $31.1M in the next fiscal year. The high estimate is $45M and the low estimate is $16.7M. The average revenue growth estimate for next year is up 3,173.70% from the average revenue estimate for this year.