The stock has a 36-month beta value of 2.98. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for REE is 6.49M, and at present, short sellers hold a 1.50% of that float. On September 17, 2024, the average trading volume of REE was 23.48K shares.
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REE) stock’s latest price update
The stock of REE Automotive Ltd (NASDAQ: REE) has increased by 46.37 when compared to last closing price of 2.96. Despite this, the company has experienced a 35.27% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-16 that Motherson is a global engineering and manufacturing specialist and one of the world’s leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion 1.
REE’s Market Performance
REE Automotive Ltd (REE) has seen a 35.27% rise in stock performance for the week, with a 28.86% gain in the past month and a 7.16% surge in the past quarter. The volatility ratio for the week is 18.29%, and the volatility levels for the past 30 days are at 9.49% for REE. The simple moving average for the last 20 days is 26.11% for REE stock, with a simple moving average of -8.82% for the last 200 days.
Analysts’ Opinion of REE
Many brokerage firms have already submitted their reports for REE stocks, with ROTH MKM repeating the rating for REE by listing it as a “Buy.” The predicted price for REE in the upcoming period, according to ROTH MKM is $14 based on the research report published on May 17, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see REE reach a price target of $4, previously predicting the price at $4. The rating they have provided for REE stocks is “Underweight” according to the report published on December 01st, 2023.
REE Trading at 17.63% 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 -48.52% of loss for the given period.
Volatility was left at 9.49%, however, over the last 30 days, the volatility rate increased by 18.29%, as shares surge +28.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.32% upper at present.
During the last 5 trading sessions, REE rose by +35.27%, which changed the moving average for the period of 200-days by -39.39% in comparison to the 20-day moving average, which settled at $3.49. In addition, REE Automotive Ltd saw -15.56% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REE starting from Tech Joshua, who proposed sale 3,618 shares at the price of $3.68 back on Sep 03 ’24. After this action, Tech Joshua now owns shares of REE Automotive Ltd, valued at $13,314 using the latest closing price.
Tech Joshua, the Officer of REE Automotive Ltd, proposed sale 341 shares at $3.71 during a trade that took place back on Aug 22 ’24, which means that Tech Joshua is holding shares at $1,265 based on the most recent closing price.
Stock Fundamentals for REE
Current profitability levels for the company are sitting at:
- -64.11 for the present operating margin
- -2.64 for the gross margin
The net margin for REE Automotive Ltd stands at -62.65. The total capital return value is set at -1.18. Equity return is now at value -65.99, with -55.39 for asset returns.
Based on REE Automotive Ltd (REE), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -3.66.
Currently, EBITDA for the company is -114.09 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 24.95. The receivables turnover for the company is 39.29for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
To sum up, REE Automotive Ltd (REE) has seen a mixed 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.
