REE Automotive Ltd (NASDAQ: REE) is -82.74% lower on its value in year-to-date trading and has touched a low of $0.53 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 $0.65 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.68, the stock is 4.51% and -52.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 4.94% at the moment leaves the stock -87.86% off its SMA200. REE registered -92.30% loss for a year compared to 6-month loss of -93.13%.
The stock witnessed a -15.73% gain in the last 1 month and extending the period to 3 months gives it a -75.45%, and is 23.41% 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 9.30% over the week and 7.61% over the month.
REE Automotive Ltd (REE) has around 211 employees, a market worth around $21.09M and $0.18M in sales. Profit margin for the company is -61067.76%. Distance from 52-week low is 28.30% and -94.20% 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 66.19% this year
The shares outstanding are 19.48M, and float is at 17.79M with Short Float at 3.70%.
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.
