Should I buy or sell Reed's stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Reed's in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" REED shares. View REED analyst ratings or view top-rated stocks .

What is Reed's' stock price target for 2024?

1 analysts have issued 1 year target prices for Reed's' shares. Their REED share price targets range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 207.0% from the stock's current price. View analysts price targets for REED or view top-rated stocks among Wall Street analysts .

How have REED shares performed in 2024?

Reed's' stock was trading at $1.60 at the beginning of the year. Since then, REED shares have increased by 42.5% and is now trading at $2.28. View the best growth stocks for 2024 here .

When is Reed's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 30th 2024. View our REED earnings forecast .

How were Reed's' earnings last quarter?

Reed's, Inc. (NYSE:REED) announced its quarterly earnings data on Thursday, June, 1st. The company reported ($1.70) EPS for the quarter, missing the consensus estimate of ($1.02) by $0.68. The business had revenue of $11.16 million for the quarter, compared to analysts' expectations of $14.12 million.

How do I buy shares of Reed's?

Shares of REED 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 .

NYSE:REED

Reed's (REED) Stock Price, News & Analysis

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$2.28

+0.71 (+45.22%)

(As of 04/15/2024 ET)

Compare

Today's Range: $1.58
▼
$2.42
50-Day Range: $1.53
▼
$2.28
52-Week Range: $1.35
▼
$3.75

Volume: 17,640 shs
Average Volume: 3,730 shs
Market Capitalization: $9.51 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Stock Analysis Analyst Forecasts Chart Competitors Earnings Financials Headlines SEC Filings Social Media

Get Reed's alerts:

Reed's MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 207.0% Upside
$7.00 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.39
Based on 18 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.06) to ($0.74) 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.

1.78 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Reed's has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Reed's has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for REED.

0.0

Dividend Strength

Dividend Yield
Reed's does not currently pay a dividend.
Dividend Growth
Reed's 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 REED.

1.4

News and Social Media Coverage

News Sentiment
Reed's has a news sentiment score of -0.39. 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 is a lower news sentiment than the 0.60 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Reed's this week, compared to 6 articles on an average week.
Search Interest
2 people have searched for REED on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added Reed's to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Reed's insiders have not sold or bought any company stock.
Percentage Held by Insiders
46.70% of the stock of Reed's is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
51.48% of the stock of Reed's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Reed's are expected to grow in the coming year, from ($1.06) to ($0.74) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Reed's is -0.45, 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 Reed's is -0.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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About Reed's Stock (NYSE:REED)

Reed's, Inc. engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas. It sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants, as well as directly to consumers through www.drinkreeds.com. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001. Reed's, Inc. was founded in 1987 and is headquartered in Norwalk, Connecticut.

REED Stock Price History

30 days | 90 days | 365 days | Advanced Chart

REED Stock News Headlines

April 15, 2024 | msn.com

Patrick Reed hit into trees. His caddie then roasted him with 9 words

April 15, 2024 | bizjournals.com

From the Editor: Business Journal's first-ever inclusion awards to honor Robin Reed's legacy

April 16, 2024 | InvestorPlace (Ad)

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April 14, 2024 | ftw.usatoday.com

Mics captured Patrick Reed's hysterically NSFW commentary at the Masters after an errant swing

April 13, 2024 | msn.com

Masters 2024: Why Sunday is big for Patrick Reed's hopes of playing in future majors

April 13, 2024 | msn.com

‘He’s a Cheater’: Fans Question Patrick Reed’s Trustworthiness at Masters Owing to Past Accusations

April 13, 2024 | msn.com

Masters 2024: Tyrrell Hatton rips Patrick Reed's group for 'brutal' pace of play

April 12, 2024 | msn.com

‘Rust’ Armorer’s Family Starts GoFundMe to Finance Appeal: “Justice for Halyna Does Not Mean Justice for Hannah”

April 16, 2024 | InvestorPlace (Ad)

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I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

April 11, 2024 | msn.com

Reeds Spring man, 73, killed after crashing into a tree near Branson West

April 11, 2024 | msn.com

Black man’s family demand answers after bodycam shows Chicago police firing 96 times in deadly shooting

April 11, 2024 | americanbankingnews.com

Reed's (NYSE:REED) Coverage Initiated by Analysts at StockNews.com

April 10, 2024 | chicago.suntimes.com

Dexter Reed’s shooting leaves Chicago with questions that demand answers

April 10, 2024 | chicago.suntimes.com

Dexter Reed’s brother arrested at protests after police shooting footage released

April 10, 2024 | msn.com

Dexter Reed's family demands charges against CPD officers in fatal shooting

April 9, 2024 | msn.com

MoDOT considers a roundabout on Missouri Route 13 in Reeds Spring, Mo.

April 9, 2024 | msn.com

Questions raised after video released of Dexter Reed's fatal shooting by police

April 9, 2024 | msn.com

After fatal CPD shooting, Johnson calls for calm while Dexter Reed's family calls for criminal charges

April 9, 2024 | msn.com

Dexter Reed's family demands charges against Chicago police officers in fatal shooting

April 9, 2024 | mirror.co.uk

Patrick Reed's Masters reception paved way for attitude change towards LIV Golf

April 6, 2024 | americanbankingnews.com

Q1 2024 EPS Estimates for Reed's, Inc. Raised by Analyst (NYSE:REED)

April 5, 2024 | msn.com

Four injured in three-vehicle wreck Thursday involving Reeds Spring school bus

April 5, 2024 | msn.com

Authorities investigate crash involving Reeds Spring School District bus

April 5, 2024 | finance.yahoo.com

Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET

April 5, 2024 | finance.yahoo.com

Reed’s Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook

April 4, 2024 | msn.com

Jackson State dilemma: How long to wait for women's basketball coach Tomekia Reed to re-sign

April 4, 2024 | msn.com

Jayden Reed’s Best Ball Fantasy Outlook: Is He the Packers WR You Want?

See More Headlines

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Company Calendar

Last Earnings: 6/01/2023
Today: 4/15/2024
Next Earnings (Estimated): 5/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Bottled & canned soft drinks
Sub-Industry: N/A
Current Symbol: NYSE:REED
CUSIP: N/A
CIK: 1140215
Web: drinkreeds.com
Phone: (800) 997-3337
Fax: 310-217-9411
Employees: 22
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.00
High Stock Price Target: $7.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +207.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-15,520,000.00
Net Margins: -34.72%
Pretax Margin: -34.72%
Return on Equity: N/A
Return on Assets: -59.13%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.65
Quick Ratio: 0.24

Sales & Book Value

Annual Sales: $44.71 million
Price / Sales: 0.21
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($4.62) per share
Price / Book: -0.49

Miscellaneous

Outstanding Shares: 4,170,000
Free Float: 2,222,000
Market Cap: $9.51 million
Optionable: Not Optionable
Beta: 1.14

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Key Executives

Mr. Norman E. Snyder Jr. (Age 63)
CEO & Director
Comp: $376.22k
Mr. Christopher J. Reed (Age 66)
Founder
Comp: $141.88k
Ms. Joann Christine Tinnelly (Age 54)
CFO & Secretary
Mr. Damian Warshall
Vice President of Operations
Mr. Philip T. Trotman
Director of Marketing
Mr. Christopher Burleson (Age 42)
Chief Commercial Officer

Key Competitors

View All Competitors

REED Stock Analysis - Frequently Asked Questions

Should I buy or sell Reed's stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Reed's in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" REED shares.
View REED analyst ratings or view top-rated stocks.
What is Reed's' stock price target for 2024?: 1 analysts have issued 1 year target prices for Reed's' shares. Their REED share price targets range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 207.0% from the stock's current price.
View analysts price targets for REED or view top-rated stocks among Wall Street analysts.
How have REED shares performed in 2024?: Reed's' stock was trading at $1.60 at the beginning of the year. Since then, REED shares have increased by 42.5% and is now trading at $2.28.
View the best growth stocks for 2024 here.
When is Reed's' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 30th 2024.
View our REED earnings forecast.

How were Reed's' earnings last quarter?: Reed's, Inc. (NYSE:REED) announced its quarterly earnings data on Thursday, June, 1st. The company reported ($1.70) EPS for the quarter, missing the consensus estimate of ($1.02) by $0.68. The business had revenue of $11.16 million for the quarter, compared to analysts' expectations of $14.12 million.
How do I buy shares of Reed's?: Shares of REED 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 (NYSE:REED) was last updated on 4/16/2024 by MarketBeat.com Staff

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Reed's (REED) Stock Price, News & Analysis

Reed's MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

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 Reed's Stock (NYSE:REED)

REED Stock Price History

REED Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

REED Stock Analysis - Frequently Asked Questions

Overall MarketRank^™