NYSE:REED

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

$1.66
-0.18 (-9.81%)
(As of 04/22/2024 ET)
Today's Range
$1.61
$1.68
50-Day Range
$1.53
$2.28
52-Week Range
$1.35
$3.75
Volume
7,111 shs
Average Volume
4,045 shs
Market Capitalization
$6.90 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.00

Reed's MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
323.0% Upside
$7.00 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.07mentions of Reed
Based on 12 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.

1.89 out of 5 stars

REED stock logo

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 Classic 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

REED Stock News Headlines

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StockNews.com Initiates Coverage on Reed's (NYSE:REED)
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Company Calendar

Last Earnings
3/28/2024
Today
4/22/2024
Next Earnings (Estimated)
5/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
N/A
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
+323.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-15,520,000.00
Pretax Margin
-34.72%

Debt

Sales & Book Value

Annual Sales
$44.71 million
Book Value
($4.62) per share

Miscellaneous

Free Float
2,222,000
Market Cap
$6.90 million
Optionable
Not Optionable
Beta
1.14
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Key Executives

  • Mr. Norman E. Snyder Jr. (Age 62)
    CEO & Director
    Comp: $324.25k
  • Ms. Joann Christine Tinnelly (Age 54)
    CFO & Secretary
    Comp: $186.14k
  • Mr. Christopher Burleson (Age 41)
    Chief Commercial Officer
    Comp: $311.74k
  • Mr. Christopher J. Reed (Age 66)
    Founder
    Comp: $141.88k
  • Mr. Damian Warshall
    Vice President of Operations
  • Mr. Philip T. Trotman
    Director of Marketing

REED Stock Analysis - Frequently Asked Questions

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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reed's in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 brokers have issued 12-month target prices for Reed's' stock. Their REED share price targets range from $7.00 to $7.00. On average, they anticipate the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 323.0% 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 2024. Since then, REED stock has increased by 3.4% and is now trading at $1.6550.
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 earnings results on Thursday, March, 28th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.94. The company earned $11.69 million during the quarter, compared to the consensus estimate of $14.08 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 4/23/2024 by MarketBeat.com Staff

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