REE Automotive (REE) Projected to Post Quarterly Earnings on Wednesday

REE Automotive (NASDAQ:REE - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.79) per share for the quarter.

REE Automotive (NASDAQ:REE - Get Free Report) last issued its quarterly earnings data on Tuesday, December 17th. The company reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.97) by ($0.27). On average, analysts expect REE Automotive to post $-5 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

REE Automotive Stock Down 3.3 %

REE traded down $0.13 during trading on Friday, hitting $3.87. The company had a trading volume of 139,871 shares, compared to its average volume of 115,074. REE Automotive has a 1-year low of $2.91 and a 1-year high of $11.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.15. The company has a market cap of $53.82 million, a PE ratio of -0.42 and a beta of 2.94. The business has a 50-day moving average of $7.45 and a 200-day moving average of $7.42.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "buy" rating and set a $15.00 price target on shares of REE Automotive in a research report on Wednesday.

About REE Automotive

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.