The trading price of Reborn Coffee Inc (NASDAQ:REBN) closed lower on Monday, February 10, and closing at $4.35, -13.86% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.801 and $5.15. In examining the 52-week price action we see that the stock hit a 52-week high of $8.80 and a 52-week low of $0.92. Over the past month, the stock has gained 177.07% in value.
Reborn Coffee Inc, whose market valuation is $15.98 million at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest REBN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned REBN a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Reborn Coffee Inc (REBN) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that REBN’s price is currently 64.57% off the SMA20 and 130.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.75, and weekly volatility stands at 29.06%. When measured over the past 30 days, the indicator reaches 28.57%. Reborn Coffee Inc (NASDAQ:REBN)’s beta value is currently sitting at 2.22, while the Average True Range indicator is currently displaying 0.90.
To see how Reborn Coffee Inc stock has been performing in comparison to its peers in the industry, here are the numbers: REBN stock’s performance was -13.86% in the latest trading, and 80.50% in the past year.
An evaluation of the daily trading volume of Reborn Coffee Inc (NASDAQ:REBN) indicates that the 3-month average is 2.44 million. However, this figure has increased over the past 10 days to an average of 14.34.
Currently, records show that 3.34 million of the company’s shares remain outstanding. The insiders hold 31.51% of outstanding shares, whereas institutions hold 1.81%. The stats also highlight that short interest as of 2024-10-31, stood at 37619.0 shares, resulting in a short ratio of 1.77 at that time. From this, we can conclude that short interest is 160.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 33679.0. However, since the stock’s price has seen 162.05% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
