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

REE Automotive (NASDAQ:REE) is anticipated 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 Trading Down 3.3 %

Shares of REE stock opened at $3.87 on Monday. REE Automotive has a 52-week low of $2.91 and a 52-week high of $11.72. The company has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $7.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.15 and a current ratio of 3.21. The company has a market capitalization of $53.82 million, a price-to-earnings ratio of -0.42 and a beta of 2.94.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $15.00 price target on shares of REE Automotive in a research report 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.