NASDAQ:REE

REE Automotive (REE) Stock Price, News & Analysis

$4.32
+0.31 (+7.73%)
(As of 04/25/2024 ET)
Today's Range
$3.87
$4.33
50-Day Range
$3.57
$8.32
52-Week Range
$2.30
$13.77
Volume
23,486 shs
Average Volume
33,211 shs
Market Capitalization
$45.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.50

REE Automotive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
420.8% Upside
$22.50 Price Target
Short Interest
Healthy
1.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
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.

2.00 out of 5 stars

Auto/Tires/Trucks Sector

52nd out of 77 stocks

Motor Vehicles & Car Bodies Industry

15th out of 25 stocks

REE stock logo

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

REE Stock News Headlines

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Preview: REE Automotive's Earnings
Q4 2023 REE Automotive Ltd Earnings Call
REE Automotive P7-C Receives CARB Certifications
See More Headlines
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Company Calendar

Last Earnings
3/27/2024
Today
4/25/2024
Next Earnings (Estimated)
5/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:REE
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
+420.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-114,210,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.61 million
Book Value
$7.09 per share

Miscellaneous

Free Float
9,878,000
Market Cap
$45.40 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

REE Stock Analysis - Frequently Asked Questions

Should I buy or sell REE Automotive stock right now?

2 Wall Street equities research 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 equities research 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 brokerages have issued twelve-month price objectives for REE Automotive's stock. Their REE share price targets range from $15.00 to $30.00. On average, they predict the company's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 420.8% 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 16.0% and is now trading at $4.32.
View the best growth stocks for 2024 here
.

Are investors shorting REE Automotive?

REE Automotive saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 87,700 shares, a drop of 33.5% from the March 31st total of 131,900 shares. Based on an average daily volume of 38,300 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the shares of the company are sold short.
View REE Automotive's Short Interest
.

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) announced its quarterly earnings data on Wednesday, March, 27th. The company reported ($3.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.32) by $1.12. The firm had revenue of $0.46 million for the quarter, compared to the consensus estimate of $0.15 million.

When did REE Automotive's stock split?

REE Automotive's stock 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 4/26/2024 by MarketBeat.com Staff

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