HC Wainwright reaffirmed their buy rating on shares of REE Automotive (NASDAQ:REE - Free Report) in a research note issued to investors on Wednesday,Benzinga reports. HC Wainwright currently has a $15.00 price target on the stock.
REE Automotive Stock Performance
REE stock traded down $0.13 during trading on Wednesday, reaching $3.87. The company had a trading volume of 139,871 shares, compared to its average volume of 115,510. The firm has a 50-day simple moving average of $7.45 and a 200-day simple moving average of $7.48. The company has a market cap of $53.82 million, a price-to-earnings ratio of -0.42 and a beta of 2.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.15 and a current ratio of 3.21. REE Automotive has a twelve month low of $2.91 and a twelve month high of $11.72.
Institutional Trading of REE Automotive
Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in REE Automotive during the 3rd quarter valued at approximately $138,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in REE Automotive during the 4th quarter valued at approximately $160,000. Fulton Breakefield Broenniman LLC acquired a new stake in REE Automotive during the 4th quarter valued at approximately $457,000. Cruiser Capital Advisors LLC lifted its stake in REE Automotive by 21.6% during the 4th quarter. Cruiser Capital Advisors LLC now owns 152,557 shares of the company's stock valued at $1,347,000 after acquiring an additional 27,057 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in REE Automotive by 5.8% during the 4th quarter. Renaissance Technologies LLC now owns 69,577 shares of the company's stock valued at $614,000 after acquiring an additional 3,800 shares during the period. 12.74% of the stock is currently owned by institutional investors and hedge funds.
About REE Automotive
(
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.
Further Reading
Before you consider REE Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and REE Automotive wasn't on the list.
While REE Automotive currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
