American Rebel (NASDAQ:AREB) Shares Scheduled to Reverse Split on Monday, February 2nd

American Rebel Holdings, Inc. (NASDAQ:AREB) shares are set to reverse split on Monday, February 2nd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, February 1st.

American Rebel Trading Down 11.5%

AREB opened at $0.39 on Friday. The company has a market capitalization of $3.07 million, a price-to-earnings ratio of 0.00 and a beta of 1.24. American Rebel has a 12-month low of $0.29 and a 12-month high of $875.00. The business’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $10.49.

American Rebel (NASDAQ:AREB) last released its quarterly earnings data on Monday, November 10th. The company reported ($32.44) earnings per share for the quarter. The company had revenue of $1.88 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of American Rebel in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, American Rebel presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On American Rebel

A hedge fund recently bought a new stake in American Rebel stock. CWA Asset Management Group LLC acquired a new stake in American Rebel Holdings, Inc. (NASDAQ:AREB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $95,000. CWA Asset Management Group LLC owned about 17.86% of American Rebel at the end of the most recent reporting period. 13.60% of the stock is owned by hedge funds and other institutional investors.

About American Rebel

American Rebel Holdings, Inc designs and markets branded safes, and personal security and self-defense products. The company's safes are offered in various sizes and shapes for home, office, and personal use, as well as provides vault doors, handgun vaults, and inventory control safes under the American Rebel brand. It also offers accessories, such as back-over and back-under handgun hangers, ballistic shields, safe light kits, mag minders, moisture guards, and rifle rod kits and rods. In addition, the company's personal security and self-defense products include concealed carry backpacks; and concealed carry jackets, vests, and coats, as well as T-shirts for men and women under the American Rebel brand.