REE Automotive Ltd [REE] stock prices are down -13.57% to $9.49 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The REE shares have gain 2.71% over the last week, with a monthly amount glided 36.15%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
REE Automotive Ltd [NASDAQ: REE] stock has seen the most recent analyst activity on May 17, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $14. Previously, Cantor Fitzgerald downgraded its rating to Underweight on December 01, 2023, and elevated its price target to $4. On November 17, 2022, downgrade downgraded it’s rating to Neutral. Wells Fargo started tracking the stock assigning a Underweight rating and suggested a price target of $1 on March 25, 2022. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $9 as its price target on January 14, 2022. Morgan Stanley started tracking with a Underweight rating for this stock on September 14, 2021, and assigned it a price target of $5. In a note dated August 18, 2021, BTIG Research initiated an Buy rating and provided a target price of $20 on this stock.
The stock price of REE Automotive Ltd [REE] has been fluctuating between $2.91 and $11.72 over the past year. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. REE Automotive Ltd [NASDAQ: REE] shares were valued at $9.49 at the most recent close of the market. An investor can expect a potential drop of -57.85% based on the average REE price forecast.
Analyzing the REE fundamentals
Gross Profit Margin for this corporation currently stands at -6.44% with Operating Profit Margin at -123.11%, Pretax Profit Margin comes in at -115.44%, and Net Profit Margin reading is -115.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.82, Equity is -1.19 and Total Capital is -1.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.44 points at the first support level, and at 7.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.81, and for the 2nd resistance point, it is at 12.12.
Ratios To Look Out For
It’s worth pointing out that REE Automotive Ltd [NASDAQ:REE]’s Current Ratio is 2.58. As well, the Quick Ratio is 2.53, while the Cash Ratio is 1.07.
Transactions by insiders
Recent insider trading involved Tech Joshua, Officer, that happened on Dec 16 ’24 when 3435.0 shares were purchased. Officer, Shemesh Keren completed a deal on Dec 11 ’24 to buy 2000.0 shares. Meanwhile, Officer Tech Joshua bought 340.0 shares on Nov 22 ’24.
