REE Automotive (NASDAQ:REE – Get Rating) had its price objective decreased by Cowen from $7.50 to $6.00 in a research report released on Thursday morning, The Fly reports. Cowen currently has an outperform rating on the stock.
REE has been the subject of several other reports. BTIG Research lowered REE Automotive from a buy rating to a neutral rating in a report on Wednesday. DA Davidson lowered their target price on shares of REE Automotive from $10.00 to $4.00 and set a buy rating on the stock in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $4.50.
REE Automotive Stock Down 7.9 %
REE opened at $0.56 on Thursday. The stock has a fifty day moving average of $0.73 and a 200-day moving average of $1.14. The firm has a market capitalization of $181.34 million, a P/E ratio of -1.27 and a beta of 1.48. REE Automotive has a 12-month low of $0.47 and a 12-month high of $7.49.
Institutional Investors Weigh In On REE Automotive
REE Automotive Company Profile
REE Automotive Ltd. operates in the e-mobility business. The company develops REEcorner technology, which integrates vehicle drive components, including steering, braking, suspension, powertrain, and control into the arch of the wheel. The company also develops REEboard, a flat and modular EV chassis.
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