REE Automotive Ltd. (NASDAQ: REE)’s stock price has decreased by -7.09 compared to its previous closing price of 0.41. Despite this, the company has seen a fall of -5.00% in its stock price over the last five trading days.
Is It Worth Investing in REE Automotive Ltd. (NASDAQ: REE) Right Now?
Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The average price predicted for REE Automotive Ltd. (REE) by analysts is $1.50, which is $2.12 above the current market price. The public float for REE is 205.72M, and at present, short sellers hold a 0.62% of that float. On March 17, 2023, the average trading volume of REE was 631.34K shares.
REE’s Market Performance
REE’s stock has seen a -5.00% decrease for the week, with a -22.45% drop in the past month and a -19.15% fall in the past quarter. The volatility ratio for the week is 15.02%, and the volatility levels for the past 30 days are at 9.95% for REE Automotive Ltd. The simple moving average for the last 20 days is -10.76% for REE stock, with a simple moving average of -53.77% for the last 200 days.
Analysts’ Opinion of REE
Wells Fargo, on the other hand, stated in their research note that they expect to see REE reach a price target of $1. The rating they have provided for REE stocks is “Underweight” according to the report published on March 25th, 2022.
Cantor Fitzgerald gave a rating of “Overweight” to REE, setting the target price at $9 in the report published on January 14th of the previous year.
REE Trading at -16.33% from the 50-Day Moving Average
After a stumble in the market that brought REE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.27% of loss for the given period.
Volatility was left at 9.95%, however, over the last 30 days, the volatility rate increased by 15.02%, as shares sank -22.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.50% lower at present.
During the last 5 trading sessions, REE fell by -5.00%, which changed the moving average for the period of 200-days by -77.11% in comparison to the 20-day moving average, which settled at $0.4203. In addition, REE Automotive Ltd. saw -2.24% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for REE
Current profitability levels for the company are sitting at:
- -8591600.00 for the present operating margin
- -16483.33 for the gross margin
The net margin for REE Automotive Ltd. stands at -8422166.67.
The liquidity ratio also appears to be rather interesting for investors as it stands at 14.01.
Conclusion
To sum up, REE Automotive Ltd. (REE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
