REE Automotive Ltd (NASDAQ: REE) is -93.00% lower on its value in year-to-date trading and has touched a low of $0.62 and a high of $11.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The REE stock was last observed hovering at around $0.62 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.62, the stock is -17.58% and -66.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -0.34% at the moment leaves the stock -89.22% off its SMA200. REE registered -84.74% loss for a year compared to 6-month loss of -94.29%.
The stock witnessed a -23.53% gain in the last 1 month and extending the period to 3 months gives it a -84.20%, and is -16.74% down 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 5.36% over the week and 4.11% over the month.
REE Automotive Ltd (REE) has around 211 employees, a market worth around $19.16M and $0.18M in sales. Profit margin for the company is -61067.76%. Distance from 52-week low is 0.37% and -94.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-218.42%).
The EPS is expected to grow by 54.97% this year
The shares outstanding are 19.48M, and float is at 5.31M with Short Float at 11.21%.
The top institutional shareholder in the company is M&G PLC with over 1.75 million shares valued at $6.99 million. The investor’s holdings represent 15.8475 of the REE Shares outstanding. As of 2024-06-30, the second largest holder is CLAL INSURANCE ENTERPRISES HOLDINGS LTD with 0.46 million shares valued at $1.8 million to account for 4.1601 of the shares outstanding. The other top investors are SONIC GP LLC which holds 0.13 million shares representing 1.1854 and valued at over $0.51 million, while MILLENNIUM MANAGEMENT LLC holds 0.6585 of the shares totaling 72590.0 with a market value of $0.28 million.
REE Automotive Ltd (REE) Insider Activity
Still, SEC filings show that on Feb 24 ’25, Tech Joshua (Officer) Proposed Sale 340 shares at an average price of $7.76 for $2638.0. The insider now directly holds shares of REE Automotive Ltd (REE).
