What REE Automotive Ltd. (REE) Insiders Are Up To

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REE Automotive Ltd. (NASDAQ:REE) traded with an addition of $0.05 to close at $0.35 on Thursday, an upside of 15.02 percent. An average of 1,166,407 shares of common stock have been traded in the last five days. There was a fall of -$0.0199 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 931,572 shares traded, while the 50-day average volume stands at 822,475.

REE stock has decreased by -42.05% in the last month. The company shares reached their 1-month lowest point of $0.2908 on 12/28/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.29 and a high of $7.49 in 52 weeks. It has reached a new high 3 times so far this year and lost -94.51% or -$5.1999 in price. In spite of this, the price is down -95.32% from the 52-week high.

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Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at -$0.99 million compared to revenue of $6000.0.

Earnings Surprise

The company posted a net income of -$1.71 million in the quarter, while revenues of -$2.63 million were grew 100.0%. The analyst consensus anticipated REE Automotive Ltd.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be -$0.09, a 10.00% surprise. For the quarter, EBITDA amounted to -$33.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at REE Automotive Ltd. (REE) price momentum. RSI 9-day as of the close on 28 December was 36.18%, suggesting the stock is Neutral, with historical volatility in this time frame at 124.63%.

As of today, REE’s price is $0.3335 -5.38% or -$0.0199 from its 5-day moving average. REE is currently trading -37.04% lower than its 20-day SMA and -70.33% lower than its 100-day SMA. However, the stock’s current price level is -43.81% below the SMA50 and -80.55% below the SMA200.

The stochastic %K and %D were 11.52% and 9.64%, respectively, and the average true range (ATR) was 0.0571. With the 14-day stochastic at 24.90% and the average true range at 0.0613, the RSI (14) stands at 35.10%. The stock has reached -0.0342 on the 9-day MACD Oscillator while the 14-day reading was at -0.0732.

Analyst Ratings

BTIG Research downgraded REE Automotive Ltd. (NASDAQ: REE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for REE Automotive Ltd. (REE) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell REE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is REE’s price target for the next 12 months?

Analysts predict a range of price targets between $0.50 and $6.00, with a median target of $1.75. Taking a look at these predictions, the average price target given by analysts for REE Automotive Ltd. (REE) stock is $2.50.


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