Reed’s Inc. (NASDAQ: REED) is 36.40% higher on its value in year-to-date trading and has touched a low of $0.36 and a high of $1.64 in the current 52-week trading range. The REED stock was last observed hovering at around $0.66 in the last trading session, with the day’s gains setting it 0.15% off its average median price target of $2.00 for the next 12 months. It is also 67.6% off the consensus price target high of $2.50 offered by 2 analysts, but current levels are 46.0% higher than the price target low of $1.50 for the same period.
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Currently trading at $0.81, the stock is 29.15% and 15.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.52 million and changing 22.45% at the moment leaves the stock -3.11% off its SMA200. REED registered -23.23% loss for a year compared to 6-month loss of -4.88%. The firm has a 50-day simple moving average (SMA 50) of $0.6284 and a 200-day simple moving average (SMA200) of $0.9017.
The stock witnessed a 25.82% gain in the last 1 month and extending the period to 3 months gives it a -20.19%, and is 32.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.12% over the week and 7.66% over the month.
Reed’s Inc. (REED) has around 28 employees, a market worth around $65.54M and $38.10M in sales. Profit margin for the company is -28.20%. Distance from 52-week low is 123.17% and -50.85% from its 52-week high.
Reed’s Inc. (REED) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Reed’s Inc. (REED) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Reed’s Inc. is expected to release its quarterly report on 05/17/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $9.26M over the same period.The EPS is expected to shrink by -12.90% this year, but quarterly earnings will post 18.90% year-over-year. Quarterly sales are estimated to grow 29.50% in year-over-year returns.
Reed’s Inc. (REED) Top Institutional Holders
50 institutions hold shares in Reed’s Inc. (REED), with 6.23M shares held by insiders accounting for 9.89% while institutional investors hold 32.26% of the company’s shares. The shares outstanding are 62.94M, and float is at 59.30M with Short Float at 1.06%. Institutions hold 29.07% of the Float.
The top institutional shareholder in the company is Handelsbanken Fonder AB with over 2.55 million shares valued at $2.37 million. The investor’s holdings represent 4.02% of the REED Shares outstanding. As of Sep 29, 2020, the second largest holder is Bard Associates Inc. with 2.24 million shares valued at $2.08 million to account for 3.53% of the shares outstanding. The other top investors are Royce & Associates LP which holds 1.93 million shares representing 3.04% and valued at over $1.79 million, while Vanguard Group, Inc. (The) holds 1.56% of the shares totaling 0.99 million with a market value of $0.92 million.
Reed’s Inc. (REED) Insider Activity
A total of 17 insider transactions have happened at Reed’s Inc. (REED) in the last six months, with sales accounting for 0 and purchases happening 17 times. The most recent transaction is an insider purchase by Bello John, the company’s Director. SEC filings show that Bello John bought 95,000 shares of the company’s common stock on Aug 13 at a price of $1.10 per share for a total of $0.1 million. Following the purchase, the insider now owns 1.72 million shares.
Reed’s Inc. disclosed in a document filed with the SEC on Mar 17 that Bello John (Director) bought a total of 38,838 shares of the company’s common stock. The trade occurred on Mar 17 and was made at $0.59 per share for $22852.0. Following the transaction, the insider now directly holds 2.45 million shares of the REED stock.
Still, SEC filings show that on Mar 16, Bello John (Director) acquired 130,757 shares at an average price of $0.55 for $72242.0. The insider now directly holds 2,413,877 shares of Reed’s Inc. (REED).
Reed’s Inc. (REED): Who are the competitors?
The company’s main competitors (and peers) include Coca-Cola Consolidated Inc. (COKE) that is -2.77% lower over the past 12 months. National Beverage Corp. (FIZZ) is 82.47% up on the 1-year trading charts. Short interest in the company’s stock has fallen -198.19% from the last report on Nov 12, 2020 to stand at a total of 1.87 million short shares sold with a short interest ratio of 0.46.