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REE Automotive Ltd. (REE) Stock is Just Right Size-Neither Too Big Nor Too Small

BTIG Research raised the price target for the REE Automotive Ltd. (NASDAQ:REE) stock from “a Buy” to “a Neutral”. The rating was released on November 17, 2022, according to finviz. The research report from Cantor Fitzgerald has initiated the stock to Overweight, with a price target set at $9. The stock was initiated by Morgan Stanley, who disclosed in a research note on September 14, 2021, to Underweight and set the price objective to $5. In their research brief published August 18, 2021, BTIG Research analysts initiated the REE Automotive Ltd. stock to Buy with a price target of $20.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of REE Automotive Ltd. (NASDAQ:REE) dipped -7.09% to close Thursday’s market session at $0.38, lower as compared to yesterday’s close. The stock price fluctuated between $0.351 and $0.4379 throughout the trading session with the volume trading being 1272829 shares, which represented a significant variation when compared to the three months average volume of 631.34K shares. The firm’s stock price fluctuated -5.00% within the last five trades and -22.45% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -67.52% in the last 6 months and -19.15% was subtracted to its value over the previous 3 months. REE stock is trading at a margin of -10.76%, -16.33% and -53.77% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, REE deals in the Consumer Cyclical domain. The stock is trading -85.27 percent below its 52-week high and 30.67 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -78.27. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does REE Automotive Ltd.’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $113.05 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 0.46, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 17.30 percent of REE Automotive Ltd. shares are owned by insiders, and 23.40 percent are held by financial institutions.



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