REE Automotive (REE) Expected to Announce Quarterly Earnings on Wednesday

REE Automotive (NASDAQ:REE) is projected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.79) per share for the quarter.

REE Automotive Stock Performance

Shares of NASDAQ:REE opened at $3.97 on Tuesday. REE Automotive has a 1 year low of $2.91 and a 1 year high of $11.72. The stock has a market capitalization of $55.21 million, a price-to-earnings ratio of -0.44 and a beta of 2.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.15. The company’s 50 day simple moving average is $7.37 and its 200 day simple moving average is $7.48.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $15.00 price target on shares of REE Automotive in a research note on Wednesday, March 19th.

REE Automotive Company Profile

REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.