REE Automotive (REE) Stock Price, News & Analysis

Company Overview

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. It also provides P7-S Strip Chassis for commercial delivery vehicles and walk-in vans; P7-C Chassis Cab and Cutway Chassis, a class 4 chassis cab fully electric commercial truck for delivery and a range of vocational applications; and P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with its all-wheel drive and all-wheel steer for vehicle control for better handling and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel.

Key Stats

• Today's Range: $6.49 to $7.08
• 50-Day Range: $2.97 to $8.37
• 52-Week Range: $2.91 to $8.79
• Volume: 24,568 shs
• Average Volume: 111,878 shs
• Market Capitalization: $74.31 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.50
• Consensus Rating: Moderate Buy

REE Automotive Stock Analysis - MarketRank™

REE Automotive scored higher than 60% of companies evaluated by MarketBeat, and ranked 43rd out of 90 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

REE Automotive has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

REE Automotive has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for REE Automotive are expected to grow in the coming year, from ($4.34) to ($3.63) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of REE Automotive is -0.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of REE Automotive is -0.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

REE Automotive has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.85% of the float of REE Automotive has been sold short.

Short Interest Ratio / Days to Cover

REE Automotive has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in REE Automotive has recently decreased by 9.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

REE Automotive does not currently pay a dividend.

Dividend Growth

REE Automotive does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.85% of the float of REE Automotive has been sold short.

Short Interest Ratio / Days to Cover

REE Automotive has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in REE Automotive has recently decreased by 9.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.67

News Sentiment

REE Automotive has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for REE Automotive this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, REE Automotive insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.00% of the stock of REE Automotive is held by insiders.

Percentage Held by Institutions

Only 12.74% of the stock of REE Automotive is held by institutions.

REE Stock Analysis - Frequently Asked Questions

How have REE shares performed this year?

REE Automotive's stock was trading at $5.14 on January 1st, 2024. Since then, REE stock has increased by 37.5% and is now trading at $7.07.
View the best growth stocks for 2024 here.

How were REE Automotive's earnings last quarter?

REE Automotive Ltd. (NASDAQ:REE) issued its quarterly earnings data on Thursday, September, 26th. The company reported ($1.19) EPS for the quarter, topping analysts' consensus estimates of ($1.76) by $0.57. REE Automotive had a negative trailing twelve-month return on equity of 119.91% and a negative net margin of 6,265.21%.

When did REE Automotive's stock split?

REE Automotive shares reverse split before market open on Wednesday, October 18th 2023. The 1-30 reverse split was announced on Wednesday, October 18th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, October 18th 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

Who are REE Automotive's major shareholders?

Top institutional shareholders of REE Automotive include M&G PLC (28.17%) and Virtu Financial LLC (0.19%).
View institutional ownership trends.

How do I buy shares of REE Automotive?

Shares of REE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of REE Automotive own?

Based on aggregate information from My MarketBeat watchlists, some other companies that REE Automotive investors own include Tesla (TSLA), HIVE Digital Technologies (HIVE), Riot Platforms (RIOT), Palantir Technologies (PLTR), Lucid Group (LCID), Himax Technologies (HIMX) and Arrival (ARVL).

Company Calendar

• Last Earnings: 9/26/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:REE
• CUSIP: N/A
• CIK: 1843588
• Web: www.10xcapital.com
• Phone: 972-77-899-5200
• Fax: N/A
• Employees: 270
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.50
• High Stock Price Target: $15.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +105.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($8.95)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-114,210,000.00
• Net Margins: -6,265.21%
• Pretax Margin: N/A
• Return on Equity: -119.91%
• Return on Assets: -72.27%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 2.21
• Quick Ratio: 2.15

Sales & Book Value

• Annual Sales: $1.61 million
• Price / Sales: 46.15
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.09 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 10,510,000
• Free Float: 9,878,000
• Market Cap: $74.31 million
• Optionable: Optionable
• Beta: 3.04