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

Shares of American Rebel Holdings, Inc. (NASDAQ:AREB) are set to reverse split on the morning of 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 Price Performance

NASDAQ:AREB opened at $0.29 on Thursday. The firm’s 50-day moving average price is $0.82 and its 200-day moving average price is $9.94. The company has a market capitalization of $2.54 million, a PE ratio of 0.00 and a beta of 1.24. American Rebel has a 1-year low of $0.23 and a 1-year high of $765.00.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of American Rebel in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, American Rebel currently has an average rating of “Sell”.

Institutional Trading of American Rebel

An institutional investor recently bought a new position in American Rebel stock. CWA Asset Management Group LLC bought a new position in American Rebel Holdings, Inc. (NASDAQ:AREB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $95,000. CWA Asset Management Group LLC owned approximately 17.86% of American Rebel as of its most recent filing with the Securities and Exchange Commission (SEC). 13.60% of the stock is owned by institutional investors.

American Rebel Company Profile

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.