Reed’s Inc. [REED] stock is up 4.57 while the S&P 500 has risen 0.39% on Thursday, 11/19/20. While at the time of this article, REED ATR is sitting at 0.07, with the beta value at 1.47. This stock’s volatility for the past week remained at 7.92%, while it was 8.07% for the past 30-day period. REED has risen $0.03 from the previous closing price of $0.73 on volume of 0.78 million shares.

On 19, November 2020, Reed’s Inc. Announces Proposed Public Offering of Common Stock. According to news published on Yahoo Finance, Reed’s Inc. (NASDAQ: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that it intends to offer shares of its common stock in an underwritten public offering. Reed’s also expects to grant to the underwriters of the offering a 45-day option to purchase additional shares of common stock offered in the underwritten public offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Analyst Birdseye View:

The most recent analyst activity for Reed’s Inc. [NASDAQ:REED] stock was on April 26, 2019, when it was Initiated with a Buy rating from Lake Street, which also raised its 12-month price target on the stock to $6. Before that, on May 10, 2019, R. F. Lafferty Recapitulated a Buy rating and elevated its amount target to $5. On April 25, 2017, Maxim Group Reiterated a Buy rating and plunged its price target on this stock from $7 to $5.50. On August 05, 2016, Wunderlich Reiterated a Buy rating and decreased its price target from $10 to $8. On June 06, 2016, Maxim Group Reiterated a Buy rating and decreased its price target to $7. On March 22, 2016, Wunderlich Initiated a Buy rating and boosted its amount on this stock to $10. On December 10, 2015, Maxim Group Initiated a Buy rating and boosted its target amount on this stock to $10. On November 17, 2014 Singular Research Reiterated a Buy rating and elevated its amount target to $9.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.36 and a peak of $1.64. Right now, the middling Wall Street analyst 12-month amount mark is $2.50. At the most recent market close, shares of Reed’s Inc. [NASDAQ:REED] were valued at $0.76.

FUNDAMENTAL ANALYSIS

Reed’s Inc. [NASDAQ:REED] most recently reported quarterly sales of 10.56 billion, which represented growth of 21.80%. This publicly-traded organization’s revenue is $1,207,857 per employee, while its income is -$575,429 per employee. This company’s Gross Margin is currently 25.80%, its Operating Margin is -24.50%, its Pretax Margin is -47.64, and its Net Margin is -47.64.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 88.29 and the whole liability to whole assets at 54.10. It shows enduring liability to the whole principal at 55.37 and enduring liability to assets at 0.34 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.7144 points at 1st support level, the second support level is making up to 0.6688. But as of 1st resistance point, this stock is sitting at 0.7935 and at 0.8270 for 2nd resistance point.

Reed’s Inc. [REED] reported its earnings at -$0.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.02/share signifying the difference of -0.02 and -100.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.03 calling estimates for -$0.04/share with the difference of 0.01 depicting the surprise of 25.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Reed’s Inc. [NASDAQ:REED] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.10. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.94 and it’s amount to book ratio is 41.14.

Insider Stories

The most recent insider trade was by Bello John, Director, and it was the purchase of 95000.0 shares on Aug 13. Bello John, the Director, completed a purchase of 38838.0 shares on Mar 17. On Mar 16, Bello John, Director, completed a purchase of 0.13 million shares.