REE Automotive (REE) Projected to Post Quarterly Earnings on Wednesday

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

REE Automotive Price Performance

Shares of REE opened at $3.87 on Monday. The business’s fifty day moving average is $7.45 and its 200 day moving average is $7.48. REE Automotive has a 12-month low of $2.91 and a 12-month high of $11.72. The company has a quick ratio of 3.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.17. The stock has a market cap of $53.82 million, a P/E ratio of -0.42 and a beta of 2.94.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $15.00 price objective 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.