May 22, 2023, REE Automotive Ltd. (NASDAQ: REE) trading session started at the price of $0.375, that was 5.26% jump from the session before. During the day, the shares moved up to $0.409 and dropped to $0.375 before settling in for the closing price of $0.38. A 52-week range for REE has been $0.27 – $1.80.
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When this article was written, the company’s average yearly earnings per share was at 82.90%. With a float of $202.33 million, this company’s outstanding shares have now reached $297.82 million.
Considering the fact that the conglomerate employs 291 people, you should pay attention to its efficiency factor.
REE Automotive Ltd. (REE) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward REE Automotive Ltd. stocks. The insider ownership of REE Automotive Ltd. is 21.32%, while institutional ownership is 23.40%.
REE Automotive Ltd. (REE) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 12/30/2022, it has been observed that the corporation posted -$0.07 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.11) by $0.04. This company achieved a return on equity of -50.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 82.90% per share during the next fiscal year.
REE Automotive Ltd. (NASDAQ: REE) Trading Performance Indicators
Technical Analysis of REE Automotive Ltd. (REE)
Compared to the last year’s volume of 0.55 million, its volume of 0.38 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 97.18%. Additionally, its Average True Range was 0.03.
During the past 100 days, REE Automotive Ltd.’s (REE) raw stochastic average was set at 45.58%, which indicates a significant decrease from 91.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.43% in the past 14 days, which was lower than the 95.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3320, while its 200-day Moving Average is $0.5877. Nevertheless, the first resistance level for the watch stands at $0.4143 in the near term. At $0.4287, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4483. If the price goes on to break the first support level at $0.3803, it is likely to go to the next support level at $0.3607. Should the price break the second support level, the third support level stands at $0.3463.
REE Automotive Ltd. (NASDAQ: REE) Key Stats
There are 327,478K outstanding shares of the company, which has a market capitalization of 129.58 million. As of now, sales total 0 K while income totals -107,420 K. Its latest quarter income was 0 K while its last quarter net income were -27,259 K.
