REE Automotive (NASDAQ:REE - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They currently have a $15.00 price target on the stock. HC Wainwright's target price would suggest a potential upside of 77.51% from the company's current price.
REE Automotive Stock Down 8.1 %
Shares of NASDAQ:REE traded down $0.74 during trading on Monday, reaching $8.45. 158,164 shares of the stock were exchanged, compared to its average volume of 111,856. REE Automotive has a 1-year low of $2.91 and a 1-year high of $11.72. The stock has a fifty day moving average of $8.01 and a two-hundred day moving average of $5.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.21 and a quick ratio of 2.15. The firm has a market cap of $88.79 million, a price-to-earnings ratio of -0.94 and a beta of 3.03.
REE Automotive (NASDAQ:REE - Get Free Report) last released its quarterly earnings data on Tuesday, December 17th. The company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.97) by ($0.27). REE Automotive had a negative return on equity of 119.91% and a negative net margin of 6,265.21%. Research analysts anticipate that REE Automotive will post -4.34 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in REE Automotive stock. Virtu Financial LLC purchased a new position in shares of REE Automotive Ltd. (NASDAQ:REE - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,555 shares of the company's stock, valued at approximately $138,000. Virtu Financial LLC owned 0.19% of REE Automotive at the end of the most recent quarter. 12.74% of the stock is currently owned by hedge funds and other institutional investors.
REE Automotive Company Profile
(
Get Free Report)
REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.
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