Should I buy or sell REE Automotive stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for REE Automotive in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" REE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REE, but not buy additional shares or sell existing shares. View REE analyst ratings or view top-rated stocks .

What is REE Automotive's stock price target for 2024?

2 analysts have issued 1-year price objectives for REE Automotive's stock. Their REE share price targets range from $15.00 to $30.00. On average, they expect the company's stock price to reach $22.50 in the next year. This suggests a possible upside of 474.0% from the stock's current price. View analysts price targets for REE or view top-rated stocks among Wall Street analysts .

How have REE shares performed in 2024?

REE Automotive's stock was trading at $5.14 at the start of the year. Since then, REE stock has decreased by 23.7% and is now trading at $3.92. View the best growth stocks for 2024 here .

When is REE Automotive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024. View our REE earnings forecast .

How were REE Automotive's earnings last quarter?

REE Automotive Ltd. (NASDAQ:REE) issued its quarterly earnings results on Tuesday, August, 29th. The company reported ($2.10) earnings per share for the quarter, topping analysts' consensus estimates of ($2.40) by $0.30. The company had revenue of $0.94 million for the quarter. During the same quarter in the previous year, the business earned ($3.00) EPS.

When did REE Automotive's stock split?

Shares of REE Automotive reverse split on Wednesday, October 18th 2023. The 1-30 reverse split was announced on Wednesday, October 18th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, October 18th 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

How do I buy shares of REE Automotive?

Shares of REE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:REE

REE Automotive (REE) Stock Price, News & Analysis

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$3.61

-0.47 (-11.52%)

(As of 01:56 PM ET)

Compare

Today's Range: $3.46
▼
$4.08
50-Day Range: $3.65
▼
$8.32
52-Week Range: $2.30
▼
$13.77

Volume: 29,484 shs
Average Volume: 42,060 shs
Market Capitalization: $37.94 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $22.50

Get REE Automotive alerts:

REE Automotive MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 474.0% Upside
$22.50 Price Target
Short Interest: Healthy
2.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.35
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($6.54) to ($1.45) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.77 out of 5 stars

Auto/Tires/Trucks Sector

56th out of 77 stocks

Motor Vehicles & Car Bodies Industry

17th out of 26 stocks

3.0

Analyst's Opinion

Consensus Rating
REE Automotive has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
REE Automotive has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.07% of the float of REE Automotive has been sold short.
Short Interest Ratio / Days to Cover
REE Automotive has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in REE Automotive has recently increased by 4.85%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
REE Automotive does not currently pay a dividend.
Dividend Growth
REE Automotive does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for REE.

3.0

News and Social Media Coverage

News Sentiment
REE Automotive has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for REE Automotive this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for REE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
5 people have added REE Automotive to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, REE Automotive insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.00% of the stock of REE Automotive is held by insiders.
Percentage Held by Institutions
Only 12.74% of the stock of REE Automotive is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for REE Automotive are expected to grow in the coming year, from ($6.54) to ($1.45) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of REE Automotive is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of REE Automotive is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
REE Automotive has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About REE Automotive Stock (NASDAQ:REE)

REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform. It also provides P7-S Strip Chassis for commercial delivery vehicles and walk-in vans; P7-C Chassis Cab and Cutway Chassis, a class 4 chassis cab fully electric commercial truck for delivery and a range of vocational applications; and P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with its all-wheel drive and all-wheel steer for vehicle control for better handling and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel.

REE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

REE Stock News Headlines

April 18, 2024 | msn.com

Crash involving car, motorcycle blocks roadway

April 18, 2024 | msn.com

Woman in West Turin charged with Grand Larceny

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | msn.com

REE Automotive (REE) Price Target Increased by 21.21% to 13.60

April 10, 2024 | americanbankingnews.com

Financial Analysis: Polestar Automotive Holding UK (NASDAQ:PSNY) and REE Automotive (NASDAQ:REE)

April 4, 2024 | msn.com

Baseball: Clairemont 2, Lincoln 1

April 3, 2024 | msn.com

Around 450 pounds of allegedly stolen copper wire found at McKittrick property

March 29, 2024 | msn.com

String of Car Vandalisms in Upper Darby

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 29, 2024 | msn.com

Machete-wielding man shot in road rage incident on Staten Island charged: NYPD

March 28, 2024 | benzinga.com

Preview: REE Automotive's Earnings

March 28, 2024 | msn.com

Drunk driver who ‘never held a driver’s license’ crashes sports car

March 28, 2024 | msn.com

REE Automotive Ltd. (NASDAQ:REE) Q4 2023 Earnings Call Transcript

March 28, 2024 | finance.yahoo.com

REE Automotive Ltd.'s (NASDAQ:REE) Shift From Loss To Profit

March 28, 2024 | finance.yahoo.com

Q4 2023 REE Automotive Ltd Earnings Call

March 28, 2024 | finanznachrichten.de

REE Automotive Ltd.: Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million

March 28, 2024 | markets.businessinsider.com

Buy Rating Affirmed for REE Automotive on Strategic Expense Control and Growing Order Book

March 27, 2024 | finanznachrichten.de

REE Automotive Ltd.: REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results

March 27, 2024 | msn.com

Why Is REE Automotive Stock Trading Lower Today?

March 27, 2024 | investorplace.com

REE Stock Earnings: REE Automotive Misses EPS, Misses Revenue for Q4 2023

March 27, 2024 | msn.com

REE Automotive Non-GAAP EPS of -$3.15 misses by $0.75, revenue of $0.46M misses by $0.89M

March 27, 2024 | globenewswire.com

REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results

March 27, 2024 | globenewswire.com

Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million

March 25, 2024 | finanznachrichten.de

REE Automotive Ltd.: REE Automotive P7-C Receives CARB Certifications

March 25, 2024 | globenewswire.com

REE Automotive P7-C Receives CARB Certifications

March 22, 2024 | globenewswire.com

REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

March 14, 2024 | finance.yahoo.com

REE Automotive to Present at the 36th Annual Roth Conference

See More Headlines

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Company Calendar

Last Earnings: 8/29/2023
Today: 4/19/2024
Next Earnings (Estimated): 5/28/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Current Symbol: NASDAQ:REE
CUSIP: N/A
CIK: 1843588
Web: www.10xcapital.com
Phone: 972-77-899-5200
Fax: N/A
Employees: 291
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.50
High Stock Price Target: $30.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +523.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($11.5357)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-114,210,000.00
Net Margins: N/A
Pretax Margin: -7,187.06%
Return on Equity: -97.39%
Return on Assets: -71.49%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 2.66
Quick Ratio: 2.64

Sales & Book Value

Annual Sales: $1.61 million
Price / Sales: 23.57
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $7.09 per share
Price / Book: 0.51

Miscellaneous

Outstanding Shares: 10,510,000
Free Float: 9,878,000
Market Cap: $37.94 million
Optionable: Optionable
Beta: 2.99

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Key Executives

Ms. Keren Shemesh (Age 49)
Chief Marketing Officer
Comp: $412.63k
Ms. Limor Raz (Age 44)
Chief People Officer
Comp: $419.93k
Ms. Tali Miller (Age 48)
Chief Business Officer
Comp: $600.38k
Mr. Daniel Barel (Age 44)
Co-Founder, CEO & Director
Mr. Ahishay Sardes (Age 43)
Co-Founder, CTO & Director
Mr. Yaron Zaltsman (Age 50)
Chief Financial Officer
Comp: $564.55k
Mr. Kamal Hamid (Age 63)
Vice President of Investor Relations
Mr. Michael John Charlton (Age 66)
Strategic Advisor

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

REE Stock Analysis - Frequently Asked Questions

Should I buy or sell REE Automotive stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for REE Automotive in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" REE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REE, but not buy additional shares or sell existing shares.
View REE analyst ratings or view top-rated stocks.
What is REE Automotive's stock price target for 2024?: 2 analysts have issued 1-year price objectives for REE Automotive's stock. Their REE share price targets range from $15.00 to $30.00. On average, they expect the company's stock price to reach $22.50 in the next year. This suggests a possible upside of 474.0% from the stock's current price.
View analysts price targets for REE or view top-rated stocks among Wall Street analysts.
How have REE shares performed in 2024?: REE Automotive's stock was trading at $5.14 at the start of the year. Since then, REE stock has decreased by 23.7% and is now trading at $3.92.
View the best growth stocks for 2024 here.
When is REE Automotive's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our REE earnings forecast.

How were REE Automotive's earnings last quarter?: REE Automotive Ltd. (NASDAQ:REE) issued its quarterly earnings results on Tuesday, August, 29th. The company reported ($2.10) earnings per share for the quarter, topping analysts' consensus estimates of ($2.40) by $0.30. The company had revenue of $0.94 million for the quarter. During the same quarter in the previous year, the business earned ($3.00) EPS.
When did REE Automotive's stock split?: Shares of REE Automotive reverse split on Wednesday, October 18th 2023. The 1-30 reverse split was announced on Wednesday, October 18th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, October 18th 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.
How do I buy shares of REE Automotive?: Shares of REE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:REE) was last updated on 4/19/2024 by MarketBeat.com Staff

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REE Automotive (REE) Stock Price, News & Analysis

REE Automotive MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About REE Automotive Stock (NASDAQ:REE)

REE Stock Price History

REE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

REE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™