A new trading day began on January 24, 2023, with Reed’s Inc. (NASDAQ: REED) stock priced at $0.0872, up 9.88% from the previous day of trading. During the day, the shares moved up to $0.093 and dropped to $0.077 before settling in for the closing price of $0.08. REED’s price has ranged from $0.06 to $0.43 over the past 52 weeks.
Consumer Defensive Sector giant saw their annual sales surged by 3.20% over the last five years. Meanwhile, its annual earnings per share averaged -7.10%. With a float of $109.03 million, this company’s outstanding shares have now reached $112.72 million.
The firm has a total of 31 workers. Let’s measure their productivity. In terms of profitability, gross margin is +27.42, operating margin of -32.20, and the pretax margin is -33.07.
Reed’s Inc. (REED) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Reed’s Inc. is 9.77%, while institutional ownership is 27.70%. The most recent insider transaction that took place on Dec 16, was worth 18,250. In this transaction Director of this company bought 250,000 shares at a rate of $0.07, taking the stock ownership to the 1,243,357 shares. Before that another transaction happened on Nov 22, when Company’s Director bought 250,000 for $0.10, making the entire transaction worth $26,150. This insider now owns 5,855,579 shares in total.
Reed’s Inc. (REED) Recent Fiscal highlights
In its latest quarterly report, released on 6/29/2022, the company reported earnings of -$0.05 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -33.07 while generating a return on equity of -224.58. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 13.30% growth over the previous five years of trading.
Reed’s Inc. (NASDAQ: REED) Trading Performance Indicators
Here are Reed’s Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.18, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of Reed’s Inc. (REED)
Analysing the last 5-days average volume posted by the [Reed’s Inc., REED], we can find that recorded value of 1.08 million was lower than the volume posted last year of 1.4 million. As of the previous 9 days, the stock’s Stochastic %D was 53.36%. Additionally, its Average True Range was 0.01.
During the past 100 days, Reed’s Inc.’s (REED) raw stochastic average was set at 19.25%, which indicates a significant decrease from 79.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.49% in the past 14 days, which was lower than the 110.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.0908, while its 200-day Moving Average is $0.1615. Now, the first resistance to watch is $0.0979. This is followed by the second major resistance level at $0.1034. The third major resistance level sits at $0.1139. If the price goes on to break the first support level at $0.0819, it is likely to go to the next support level at $0.0714. Now, if the price goes above the second support level, the third support stands at $0.0659.
Reed’s Inc. (NASDAQ: REED) Key Stats
With a market capitalization of 11.65 million, the company has a total of 126,040K Shares Outstanding. Currently, annual sales are 49,600 K while annual income is -16,400 K. The company’s previous quarter sales were 12,090 K while its latest quarter income was -3,230 K.