REE has 36-month beta value of 3.02. Analysts have mixed views on the stock, 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 currently, short sellers hold a 1.49% ratio of that float. The average trading volume of REE on September 30, 2024 was 272.57K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
REE) stock’s latest price update
REE Automotive Ltd (NASDAQ: REE) has experienced a rise in its stock price by 18.18 compared to its previous closing price of 6.38. However, the company has seen a gain of 30.90% in its stock price over the last five trading days. youtube.com reported 2024-09-26 that Daniel Barel, CEO of REE Automotive (REE), talks about how the company “came off its best quarter ever.” He talks about the ways REE is expanding its presence in the EV industry, and what still needs to be done to drive growth for electric vehicle fleets in America.
REE’s Market Performance
REE’s stock has risen by 30.90% in the past week, with a monthly rise of 98.94% and a quarterly rise of 92.49%. The volatility ratio for the week is 12.43% while the volatility levels for the last 30 days are 13.35% for REE Automotive Ltd The simple moving average for the past 20 days is 70.39% for REE’s stock, with a 57.69% simple moving average for the past 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 89.05% 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 -10.56% of loss for the given period.
Volatility was left at 13.35%, however, over the last 30 days, the volatility rate increased by 12.43%, as shares surge +102.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.54% upper at present.
During the last 5 trading sessions, REE rose by +30.90%, which changed the moving average for the period of 200-days by +70.20% in comparison to the 20-day moving average, which settled at $4.62. In addition, REE Automotive Ltd saw 46.69% 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 REE starting from Miller Tali, who proposed sale 8,919 shares at the price of $4.34 back on Sep 17 ’24. After this action, Miller Tali now owns shares of REE Automotive Ltd, valued at $38,708 using the latest closing price.
Miller Tali, the Officer of REE Automotive Ltd, proposed sale 4,637 shares at $2.96 during a trade that took place back on Sep 16 ’24, which means that Miller Tali is holding shares at $13,749 based on the most recent closing price.
Stock Fundamentals for REE
Current profitability levels for the company are sitting at:
- -123.11 for the present operating margin
- -6.44 for the gross margin
The net margin for REE Automotive Ltd stands at -115.57. The total capital return value is set at -1.22. 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 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -2.2.
Currently, EBITDA for the company is -114.09 million with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 124.94. The receivables turnover for the company is 0.12for 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 put it simply, REE Automotive Ltd (REE) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
