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Daily High to Daily Low: Is It Safe to Buy Reed’s Inc. (REED)?

Reed’s Inc. (NASDAQ:REED) went up by 9.88% from its latest closing price compared to the recent 1-year high of $0.43. The company’s stock price has collected 2.55% of gains in the last five trading sessions.

Is It Worth Investing in Reed’s Inc. (NASDAQ :REED) Right Now?

Plus, the 36-month beta value for REED is at 1.62. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Reed’s Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $0.93. REED currently public float of 109.03M and currently shorts hold a 3.04% ratio of that float. Today, the average trading volume of REED was 2.14M shares.

REED’s Market Performance

REED stocks went up by 2.55% for the week, with a monthly jump of 14.94% and a quarterly performance of -29.60%, while its annual performance rate touched -70.46%. The volatility ratio for the week stands at 15.20% while the volatility levels for the past 30 days are set at 16.10% for Reed’s Inc. The simple moving average for the period of the last 20 days is 18.49% for REED stocks with a simple moving average of -43.15% 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 0.92% 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 -78.53% of loss for the given period.

Volatility was left at 16.10%, however, over the last 30 days, the volatility rate increased by 15.20%, as shares surge +27.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.22% lower at present.

During the last 5 trading sessions, REED rose by +2.56%, which changed the moving average for the period of 200-days by -63.87% in comparison to the 20-day moving average, which settled at $0.0789. In addition, Reed’s Inc. saw 32.23% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at REED starting from Bello John, who purchase 250,000 shares at the price of $0.07 back on Dec 16. After this action, Bello John now owns 1,243,357 shares of Reed’s Inc., valued at $18,250 using the latest closing price.

Bello John, the Director of Reed’s Inc., purchase 250,000 shares at $0.10 during a trade that took place back on Nov 22, which means that Bello John is holding 5,855,579 shares at $26,150 based on the most recent closing price.

Stock Fundamentals for REED

Current profitability levels for the company are sitting at:

  • -32.20 for the present operating margin
  • +27.42 for the gross margin

The net margin for Reed’s Inc. stands at -33.07.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.

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