In last trading session, REE Automotive Ltd. (NASDAQ:REE) saw 1.39 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $0.15 trading at $0.0 or -2.02% at ring of the bell on the day assigns it a market valuation of $52.02M. That closing price of REE’s stock is at a discount of -733.33% from its 52-week high price of $1.25 and is indicating a premium of 6.67% from its 52-week low price of $0.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.32 million shares which gives us an average trading volume of 736.86K if we extend that period to 3-months.
REE Automotive Ltd. (NASDAQ:REE) trade information
Upright in the red during last session for losing -2.02%, in the last five days REE remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $0.15 price level, adding 13.79% to its value on the day. REE Automotive Ltd.’s shares saw a change of -61.41% in year-to-date performance and have moved -3.78% in past 5-day. REE Automotive Ltd. (NASDAQ:REE) showed a performance of -20.38% in past 30-days. Number of shares sold short was 0.65 million shares which calculate 1.08 days to cover the short interests.
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 -60.53% of value to its shares in past 6 months, showing an annual growth rate of -8.82% while that of industry is 13.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 22.20% in the current quarter and calculating -14.30% decrease in the next quarter.
And 4 analysts are in estimates of company making revenue of $1.26 million in the next quarter that will end on Dec 2023.
REE Automotive Ltd. is more likely to be releasing its next quarterly report in October 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 21.16% of company’s total shares while institution are holding 26.04 percent of that, with stock having share float percentage of 33.03%. Investors also watch the number of corporate investors in a company very closely, which is 26.04% 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 18.61 million shares of worth $2.79 million. And as of Jun 29, 2023, it was holding 7.52% of the company’s outstanding shares.
The second largest institutional holder is M&G Investment Management Ltd, which was holding about 15.49 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.26% of outstanding shares, having a total worth of $2.32 million.
On the other hand, Fidelity NASDAQ Composite Index Fund and SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 0.12 million shares of worth $17767.0 or 0.05% of the total outstanding shares. The later fund manager was in possession of 0.13 million shares on Jul 30, 2023, making its stake of worth around $19568.0 in the company or a holder of 0.05% of company’s stock.