REE Automotive Ltd. (NASDAQ:REE) price is hovering lower on Monday, September 13, dropping -7.28% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.04, with intraday deals fluctuating between $5.60 and $6.045. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.66 and 52-week low of $5.48. The stock subtracted -44.13% on its value in the past month.
REE Automotive Ltd., which has a market valuation of $2.02 billion, is expected to release its quarterly earnings report Aug 17, 2021. Analysts tracking REE have forecast the quarterly EPS to shrink by -0.03 per share this quarter, while the same analysts predict the annual EPS to hit -$0.3 for the year 2021 and up to -$0.31 for 2022.
Staying with the analyst view, there is a consensus estimate of $870k for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned REE a recommendation rating as follows: 0 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the REE Automotive Ltd. (REE) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that REE’s price is at present -27.17% off the SMA20 and -38.16% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.22, with weekly volatility standing at 8.35%. The indicator jumps to 9.79% when calculated based on the past 30 days. REE Automotive Ltd. (NASDAQ:REE)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.68. Considering analysts have assigned the stock a price target range of $5.00-$20.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.75. Based on this estimate, we see that today’s price at last check is roughly 10.71% off the estimated low and -257.14% off the forecast high. Investors will no doubt be excited to see the share price fall to $15.00, which is the median consensus price, and at that level REE would be -167.86% from recent price.
An analysis of the REE Automotive Ltd. (NASDAQ:REE) stock in terms of its daily trading volume indicates that the 3-month average is 868.39K.
Current records show that the company has 197.68M in outstanding shares. The percentage share held by institutions stands at 6.50%. But the -41.64% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.