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REE Automotive Ltd. (NASDAQ:REE) Is Now 0.94% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, REE Automotive Ltd. (NASDAQ:REE) saw 1.45 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.06 trading at -$0.03 or -2.75% at ring of the bell on the day assigns it a market valuation of $322.70M. That closing price of REE’s stock is at a discount of -606.6% from its 52-week high price of $7.49 and is indicating a premium of 0.94% from its 52-week low price of $1.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.44 million shares which gives us an average trading volume of 1.22 million if we extend that period to 3-months.

REE Automotive Ltd. (NASDAQ:REE) trade information

Upright in the red during last session for losing -2.75%, in the last five days REE remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $1.06 price level, adding 15.2% to its value on the day. REE Automotive Ltd.’s shares saw a change of -80.90% in year-to-date performance and have moved -7.83% in past 5-day. REE Automotive Ltd. (NASDAQ:REE) showed a performance of -13.11% in past 30-days. Number of shares sold short was 1.88 million shares which calculate 1.47 days to cover the short interests.

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REE Automotive Ltd. (REE) estimates and forecasts

Statistics highlight that REE Automotive Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -51.82% of value to its shares in past 6 months, showing an annual growth rate of -64.29% while that of industry is 0.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 116,233.30% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $250k for the same. And 4 analysts are in estimates of company making revenue of $2.02 million in the next quarter that will end on Sep 2022.

REE Dividends

REE Automotive Ltd. is more likely to be releasing its next quarterly report between March 28 and April 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

REE Automotive Ltd. (NASDAQ:REE)’s Major holders

Insiders are in possession of 20.82% of company’s total shares while institution are holding 20.32 percent of that, with stock having share float percentage of 25.66%. Investors also watch the number of corporate investors in a company very closely, which is 20.32% institutions for REE Automotive Ltd. that are currently holding shares of the company. Phoenix Holdings Ltd. is the top institutional holder at REE for having 26.67 million shares of worth $50.68 million. And as of Mar 30, 2022, it was holding 11.27% of the company’s outstanding shares.

The second largest institutional holder is M&G Investment Management Ltd, which was holding about 13.98 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 5.91% of outstanding shares, having a total worth of $26.57 million.

On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and ARK ETF Tr-ARK Israel Innovative Technology ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 9.17 million shares of worth $10.64 million or 3.87% of the total outstanding shares. The later fund manager was in possession of 1.07 million shares on Jun 29, 2022, making its stake of worth around $1.24 million in the company or a holder of 0.45% of company’s stock.

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