Reed’s Inc. (NASDAQ:REED) price closed higher on Monday, September 13, jumping 0.03% below its previous close.
A look at the daily price movement shows that the last close reads $0.60, with intraday deals fluctuated between $0.5911 and $0.65. The company’s 5Y monthly beta was ticking 1.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.68 and 52-week low of $0.57. The stock subtracted -23.81% on its value in the past month.
Reed’s Inc., which has a market valuation of $58.50 million, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking REED have forecast the quarterly EPS to shrink by -0.03 per share this quarter, while the same analysts predict the annual EPS to hit -$0.14 for the year 2021 and up to -$0.09 for 2022. In this case, analysts estimate an annual EPS growth of 12.50% for the year and 35.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $12.4 million, with the likely lows of $12.32 million and highs of $12.48 million. The average estimate suggests sales growth for the quarter will likely rise by 19.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $48.18 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 15.80% above that which the company brought 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. On the technical perspective front, indicators give REED a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
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, 2 analysts have assigned REED a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Reed’s Inc. (REED) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that REED’s price is at present -10.31% off the SMA20 and -23.28% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 22.73, with weekly volatility standing at 5.42%. The indicator jumps to 5.20% when calculated based on the past 30 days. Reed’s Inc. (NASDAQ:REED)’s beta value is holding at 1.21, while the average true range (ATR) indicator is currently reading 0.03. Considering analysts have assigned the stock a price target range of $1.10-$2.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.55. Based on this estimate, we see that current price is roughly -83.33% off the estimated low and -233.33% off the forecast high. Investors will no doubt be excited to see the share price fall to $1.55, which is the median consensus price, and at that level REED would be -158.33% from current price.
Turning out attention to how the Reed’s Inc. stock has performed in comparison to its peers in the industry, here’s what we find: REED’s stock is 0.03% on the day and -36.41% in the past 12 months. Another comparison is with Coca-Cola Consolidated Inc. (COKE) whose stock price was up 1.46% in the last trading session, and has flourished 47.05% over the past year. Also, National Beverage Corp. (FIZZ) showed down trend of -0.49% while its price kept floating at 43.50% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Reed’s Inc. (NASDAQ:REED) stock in terms of its daily trading volume indicates that the 3-month average is 497.40K.
Current records show that the company has 90.80M in outstanding shares. The insiders’ percentage holdings are 9.04% of outstanding shares while the percentage share held by institutions stands at 42.60%. But the 1.52% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.