REE Automotive Ltd (NASDAQ: REE) is 20.23% higher on its value in year-to-date trading and has touched a low of $2.30 and a high of $8.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REE stock was last observed hovering at around $5.57 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $6.18, the stock is 71.69% and 65.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 10.95% at the moment leaves the stock 30.39% off its SMA200. REE registered 19.77% gain for a year compared to 6-month loss of 9.77%.
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The stock witnessed a 83.93% gain in the last 1 month and extending the period to 3 months gives it a 51.47%, and is 91.93% 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 26.34% over the week and 11.81% over the month.
REE Automotive Ltd (REE) has around 244 employees, a market worth around $52.16M and $0.94M in sales. Profit margin for the company is -12252.81%. Distance from 52-week low is 168.68% and -26.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-126.18%).
The EPS is expected to grow by 55.16% this year
26.0 institutions hold shares in REE Automotive Ltd (REE), with institutional investors hold 31.10% of the company’s shares. The shares outstanding are 8.45M, and float is at 6.49M with Short Float at 1.50%. Institutions hold 23.71% of the Float.
REE Automotive Ltd (REE) Insider Activity
Still, SEC filings show that on Sep 03 ’24, Tech Joshua (Officer) Proposed Sale 3,618 shares at an average price of $3.68 for $13314.0. The insider now directly holds shares of REE Automotive Ltd (REE).
