REE Automotive (NASDAQ:REE) Now Covered by Analysts at Roth Mkm

Roth Mkm started coverage on shares of REE Automotive (NASDAQ:REEFree Report) in a research note released on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $14.00 target price on the stock.

Separately, HC Wainwright reiterated a buy rating and issued a $15.00 price objective on shares of REE Automotive in a report on Thursday, March 28th.

Check Out Our Latest Report on REE

REE Automotive Trading Up 5.0 %

Shares of REE opened at $5.24 on Friday. REE Automotive has a 12 month low of $2.30 and a 12 month high of $13.77. The stock’s 50-day moving average is $4.76 and its two-hundred day moving average is $5.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.66 and a quick ratio of 2.64. The stock has a market cap of $55.07 million, a PE ratio of -0.45 and a beta of 3.01.

REE Automotive (NASDAQ:REEGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($3.44) EPS for the quarter, missing the consensus estimate of ($2.32) by ($1.12). The company had revenue of $0.46 million during the quarter, compared to analysts’ expectations of $0.15 million. Equities analysts forecast that REE Automotive will post -6.54 earnings per share for the current fiscal year.

Institutional Trading of REE Automotive

An institutional investor recently bought a new position in REE Automotive stock. M&G Plc bought a new position in REE Automotive Ltd. (NASDAQ:REEFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,747,014 shares of the company’s stock, valued at approximately $10,482,000. M&G Plc owned approximately 16.62% of REE Automotive at the end of the most recent quarter. 12.74% of the stock is currently owned by institutional investors.

About REE Automotive

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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.

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