The consensus among analysts is that Reed’s, Inc. (REED) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.
Reed’s, Inc. (NASDAQ:REED) trade information
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could jump -1.32% from the levels at last check today. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the latest price level in today’s session is -1.32% off the targeted high while a plunge would see the stock lose -1.32% from the levels at last check today.
Reed’s, Inc. (REED) estimates and forecasts
Figures show that Reed’s, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +6.93% over the past 6 months, compared to 20.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 40% and 33.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +14.6%.
1 analysts offering their estimates for the company have set an average revenue estimate of $10.9 Million for the current quarter. 1 have an estimated revenue figure of $11.72 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $9.52 Million and $10.85 Million respectively for this quarter and the next, and analysts expect sales will grow by 14.5% for the current quarter and 8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +11.1% over the past 5 years. Earnings growth for 2021 is a modest +63.5% while over the next 5 years, the company’s earnings are expected to increase by 20%.
Reed’s, Inc. (NASDAQ:REED)’s Major holders
Insiders own 9.8% of the company shares, while shares held by institutions stand at 36.13% with a share float percentage of 40.05%. Investors are also buoyed by the number of investors in a company, with Reed’s, Inc. having a total of 50 institutions that hold shares in the company. The top two institutional holders are Union Square Park Capital Management, LLC with over 6.94 Million shares worth more than $4.1 Million. As of December 30, 2020, Union Square Park Capital Management, LLC held 8.03% of shares outstanding.
The other major institutional holder is Royce & Associates LP, with the holding of over 4.07 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.4 Million and represent 4.71% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Royce Opportunity Fund and Vanguard Total Stock Market Index Fund. As of December 30, 2020, the former fund manager holds about 2.23% shares in the company for having 1928894 shares of worth $1.14 Million while later fund manager owns 861.16 Thousand shares of worth $508.94 Thousand as of December 30, 2020, which makes it owner of about 1% of company’s outstanding stock.