Reed’s Inc. (NASDAQ:REED) went up by 44.00% from its latest closing price compared to the recent 1-year high of $1.64. The company’s stock price has collected 34.58% of gains in the last five trading sessions. Press Release reported 12 hours ago that Reed’s Inc.(R) Announces Expanded Distribution With CVS Pharmacy
Is It Worth Investing in Reed’s Inc. (NASDAQ :REED) Right Now?
Plus, the 36-month beta value for REED is at 1.22. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Reed’s Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $1.50, which is $0.06 above the current price. REED currently public float of 66.86M and currently shorts hold a 0.51% ratio of that float. Today, the average trading volume of REED was 854.51K shares.
REED’s Market Performance
REED stocks went up by 34.58% for the week, with a monthly jump of 25.22% and a quarterly performance of 69.19%, while its annual performance rate touched 146.81%. The volatility ratio for the week stands at 19.96% while the volatility levels for the past 30 days are set at 10.04% for Reed’s Inc.. The simple moving average for the period of the last 20 days is 38.88% for REED stocks with a simple moving average of 50.62% for the last 200 days.
Analysts’ Opinion of REED
Many brokerage firms have already submitted their reports for REED stocks, with R. F. Lafferty repeating the rating for REED by listing it as a “Buy.” The predicted price for REED in the upcoming period, according to R. F. Lafferty is $5 based on the research report published on May 10th of the previous year 2019.
Lake Street, on the other hand, stated in their research note that they expect to see REED reach a price target of $6. The rating they have provided for REED stocks is “Buy” according to the report published on April 26th, 2019.
Maxim Group gave a rating of “Buy” to REED, setting the target price at $5.50 in the report published on April 25th of the previous year.
REED Trading at 33.71% from the 50-Day Moving Average
After a stumble in the market that brought REED to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.20% of loss for the given period.
Volatility was left at 10.04%, however, over the last 30 days, the volatility rate increased by 19.96%, as shares surge +23.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.01% upper at present.
During the last 5 trading sessions, REED rose by +34.58%, which changed the moving average for the period of 200-days by +65.52% in comparison to the 20-day moving average, which settled at $1.0503. In addition, Reed’s Inc. saw 143.65% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at REED starting from Bello John, who purchase 95,000 shares at the price of $1.10 back on Aug 13. After this action, Bello John now owns 1,717,553 shares of Reed’s Inc., valued at $104,266 using the latest closing price.
Stock Fundamentals for REED
Current profitability levels for the company are sitting at:
- -20.70 for the present operating margin
- +30.68 for the gross margin
The net margin for Reed’s Inc. stands at -24.46. The total capital return value is set at -79.56, while invested capital returns managed to touch -114.97. Equity return is now at value -318.20, with -57.90 for asset returns.
Based on Reed’s Inc. (REED), the company’s capital structure generated 13.99 points at debt to equity in total, while total debt to capital is 12.27. Total debt to assets is 7.25, with long-term debt to equity ratio resting at 7.04. Finally, the long-term debt to capital ratio is 6.12.
When we switch over and look at the enterprise to sales, we see a ratio of 0.88, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 10.60 and the total asset turnover is 2.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.