REE Automotive Ltd. (NASDAQ:REE) saw a downside of -6.39% to $0.19 after subtracting -$0.01on Wednesday. The 5-day average trading volume is 1,316,264 shares of the company’s common stock. It has gained $0.2050 in the past week and touched a new high 3 times within the past 5 days. An average of 938,611 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 579,960.
REE’s 1-month performance is -44.94% or -$0.1554 on its low of $0.1642 reached on 08/21/23. The company’s shares have touched a 52-week low of $0.16 and high of $1.40, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, REE has lost -51.74% or -$0.1981 and has reached a new high 8 times. However, the current price is down -86.60% from the 52-week high price.
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Valuation Metrics
REE stock has a beta of 1.80. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.32.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income shrunk -370.42% to -$107.42 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected REE to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.08, representing a -14.30% surprise. EBITDA for the quarter stood at more than -$28.33 million. REE stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 36.16 million, with total debt at $20.2 million.
Let’s look briefly at REE Automotive Ltd. (REE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 21.04% to suggest the stock is trending oversold, with historical volatility in this time period at 119.35%.
The stock’s 5-day moving average is $0.1897, reflecting a +1.17% or $0.0022 change from its current price. REE is currently trading -43.92% above its 20-day SMA, -41.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -51.13% and SMA200 by-67.09%.
Stochastic %K and %D was 15.54% and 11.26% and the average true range (ATR) pointed at 0.0269. The RSI (14) points at 20.45%, while the 14-day stochastic is at 15.55% with the period’s ATR at 0.0268. The stock’s 9-day MACD Oscillator is pointing at -0.0100 and -0.0385 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for REE Automotive Ltd. (NASDAQ: REE), BTIG Research downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
