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NASDAQ:REE

REE Automotive (REE) Stock Price, News & Analysis

$5.88
+0.04 (+0.68%)
(As of 01:43 PM ET)
Today's Range
$5.63
$6.00
50-Day Range
$5.11
$8.32
52-Week Range
$2.30
$13.77
Volume
8,468 shs
Average Volume
42,430 shs
Market Capitalization
$61.80 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
281.4% Upside
$22.50 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.09mentions of REE Automotive in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($10.20) to ($7.07) 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.

1.38 out of 5 stars

Auto/Tires/Trucks Sector

66th out of 82 stocks

Motor Vehicles & Car Bodies Industry

21st out of 27 stocks

REE stock logo

About REE Automotive Stock (NASDAQ:REE)

REE Automotive Ltd. operates as an automotive technology company in Israel, the United Kingdom, the United States, Germany, and internationally. The company offers REEcorner integrates vehicle components comprising as steering, braking, suspension, powertrain, and control into single compact module between the chassis and the wheel, which is controlled by its electronic unit functions, which includes drive-by-wire, steer-by-wire, break-by-wire, DaaS, smart corners, and design for serviceability; and REEplatform, a modular electric vehicle platform. It provides P7 EV Modular Platform designed for commercial delivery vehicles and walk-in vans; and Proxima Powered by REE, a class 5 fully drive-by-wire walk-in step van, which comprises EAVX and Morgan Olson body paired with REE's fully-flat modular P7 chassis and x-by-wire technology, which includes improved aerodynamics, enhanced driver ergonomics, driver visibility and safety, and enhanced maneuverability. Further, the company provides P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with REE's all-wheel drive and all-wheel steer for vehicle control, handling, and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, MaaS providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel.

REE Stock Price History

REE Stock News Headlines

AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Q4 2023 REE Automotive Ltd Earnings Call
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
REE Automotive P7-C Receives CARB Certifications
REE Automotive (REE) to Release Quarterly Earnings on Wednesday
REE Automotive selected by Airbus UpNext
See More Headlines
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Company Calendar

Last Earnings
8/29/2023
Today
3/28/2024
Next Earnings (Estimated)
5/23/2024
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
+285.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-107,420,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$10,000.00
Book Value
$16.08 per share

Miscellaneous

Free Float
9,878,000
Market Cap
$61.38 million
Optionable
Optionable
Beta
3.05
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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
  • Mr. Joshua Tech (Age 45)
    Chief Operations Officer
  • Mr. Kamal Hamid (Age 63)
    Vice President of Investor Relations
  • Ms. Avital Futterman (Age 40)
    General Counsel & Corporate Secretary
  • 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 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 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 Wall Street analysts have issued twelve-month target prices 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 year. This suggests a possible upside of 281.4% 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 shares have increased by 14.8% and is now trading at $5.90.
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 Thursday, May 23rd 2024.
View our REE earnings forecast
.

How were REE Automotive's earnings last quarter?

REE Automotive Ltd. (NASDAQ:REE) issued its quarterly earnings data on Tuesday, August, 29th. The company reported ($2.10) earnings per share for the quarter, topping the consensus estimate of ($2.40) by $0.30. The business earned $0.94 million during the quarter. During the same period in the prior year, the firm earned ($3.00) earnings per share.

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 market closes 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.

Who are REE Automotive's major shareholders?

REE Automotive's stock is owned by a number of retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (4.69%), Clal Insurance Enterprises Holdings Ltd (4.17%), Sonic GP LLC (1.19%), Y.D. More Investments Ltd (0.45%), United Asset Strategies Inc. (0.12%) and Atalaya Capital Management LP (0.10%). Insiders that own company stock include David Weisburd and Hans Thomas.
View institutional ownership trends
.

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 3/28/2024 by MarketBeat.com Staff

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