In last trading session, Reed’s, Inc. (NASDAQ:REED) saw 387,460 shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $1.12 trading at $0.04 or 3.7% at ring of the bell on the day assigns it a market valuation of $93.52 Million. That closing price of REED’s stock is at a discount of -46.43% from its 52-week high price of $1.64 and is indicating a premium of 67.86% from its 52-week low price of $0.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 729.74 Million shares which gives us an average trading volume of 1.46 Million if we extend that period to 3-months.
For Reed’s, Inc. (REED), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.04 in the current quarter.
Upright in the green during last session for gaining 3.7%, in the last five days REED remained trading in the green while hitting it’s week-highest on Monday, Mar 22 when the stock touched $1.23 price level, adding 8.94% to its value on the day. Reed’s, Inc.’s shares saw a change of 89.51% in year-to-date performance and have moved -6.67% in past 5-day. Reed’s, Inc. (NASDAQ:REED) showed a performance of 6.67% in past 30-days. Number of shares sold short was 134.22 Million shares which calculate 91.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.5 to the stock, which implies a rise of 33.93% to its current value. Analysts have been projecting $1.5 as a low price target for the stock while placing it at a high target of $1.5. It follows that stock’s current price would jump +33.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of 33.93% for stock’s current value.
Reed’s, Inc. (REED) estimates and forecasts
Statistics highlight that Reed’s, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +20.43% of value to its shares in past 6 months. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 55.6% in the current quarter and calculating 40% increase in the next quarter. This year revenue growth is estimated to rise 18.9% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.26 Million for the same. And 2 analysts are in estimates of company making revenue of $10.92 Million in the next quarter that will end in May 2021. Company posted $7.15 Million and $9.52 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 29.5% while estimating it to be 14.7% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -51.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -12.9% while estimates for its earnings growth in next 5 years are of 20%
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Reed’s, Inc. (NASDAQ:REED)’s Major holders
Insiders are in possession of 9.89% of company’s total shares while institution are holding 29.07% percent of that, with stock having share float percentage of 32.26%. Investors also watch the number of corporate investors in a company very closely, which is 50 institutions for Reed’s, Inc. that are currently holding shares of the company. Union Square Park Capital Management, LLC is the top institutional holder at REED for having 6.94 Million shares of worth $4.1 Million. And as of December 30, 2020, it was holding 10.94% of the company’s outstanding shares.
The second largest institutional holder is Royce & Associates LP, which was holding about 4.07 Million shares on December 30, 2020. The number of shares represents firm’s hold over 6.41% of outstanding shares, having a total worth of $2.4 Million.
On the other hand, Royce Opportunity Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 1928894 shares of worth $1.14 Million or 3.04% of the total outstanding shares. The later fund manager was in possession of 861.16 Thousand shares on December 30, 2020, making its stake of worth around $508.94 Thousand in the company or a holder of 1.36% of company’s stock.