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Why Acquire Shares Of Reed’s Inc. (REED)?

Reed’s Inc. (NASDAQ:REED) has a beta value of 1.62 and has seen 2.18 million shares traded in the last trading session. The company, currently valued at $11.65M, closed the last trade at $0.09 per share which meant it gained $0.01 on the day or 9.88% during that session. The REED stock price is -377.78% off its 52-week high price of $0.43 and 33.33% above the 52-week low of $0.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.19 million shares traded. The 3-month trading volume is 2.14 million shares.

The consensus among analysts is that Reed’s Inc. (REED) is a Hold stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.

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Reed’s Inc. (NASDAQ:REED) trade information

Sporting 9.88% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the REED stock price touched $0.09 or saw a rise of 3.23%. Year-to-date, Reed’s Inc. shares have moved 32.23%, while the 5-day performance has seen it change 2.55%. Over the past 30 days, the shares of Reed’s Inc. (NASDAQ:REED) have changed 14.94%. Short interest in the company has seen 0.9 million shares shorted with days to cover at 2.63.

Wall Street analysts have a consensus price target for the stock at $0.93, which means that the shares’ value could jump 90.32% from current levels. The projected low price target is $0.75 while the price target rests at a high of $1.10. In that case, then, we find that the current price level is -1122.22% off the targeted high while a plunge would see the stock gain -733.33% from current levels.

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 lost -39.48% over the past 6 months, with this year growth rate of 27.78%, compared to 2.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 50.00% and 60.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 20.40%.

2 analysts offering their estimates for the company have set an average revenue estimate of $16.91 million for the current quarter. 2 have an estimated revenue figure of $16.87 million for the next quarter concluding in Dec 2022. Year-ago sales stood $12.4 million and $12.78 million respectively for this quarter and the next, and analysts expect sales will grow by 36.40% for the current quarter and 32.00% 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 13.30% over the past 5 years. Earnings growth for 2023 is a modest -7.10% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

REED Dividends

Reed’s Inc. is expected to release its next earnings report between March 29 and April 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Reed’s Inc. (NASDAQ:REED)’s Major holders

Insiders own 15.06% of the company shares, while shares held by institutions stand at 35.01% with a share float percentage of 41.22%. Investors are also buoyed by the number of investors in a company, with Reed’s Inc. having a total of 46 institutions that hold shares in the company. The top two institutional holders are Union Square Park Capital Management, LLC with over 18.01 million shares worth more than $2.81 million. As of Jun 29, 2022, Union Square Park Capital Management, LLC held 15.95% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 3.56 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $0.56 million and represent 3.15% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.13% shares in the company for having 2.4 million shares of worth $0.37 million while later fund manager owns 1.11 million shares of worth $0.17 million as of Jun 29, 2022, which makes it owner of about 0.99% of company’s outstanding stock.

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