REE Automotive Receives ‘Hold’ Rating From Brokerages
January 10, 2023
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REE AUTOMOTIVE ($NASDAQ:REE) is an Israeli-based company that designs, develops, and manufactures lightweight, modular electric vehicle platforms. Recently, REE AUTOMOTIVE has been receiving a lot of attention from the investment community and its stock has been widely traded on the NASDAQ. Recently, REE AUTOMOTIVE has been given a consensus recommendation of “Hold” by brokerages. This means that most analysts believe that the stock is neither undervalued nor overvalued and should continue to trade in its current range. While this outlook is certainly not a ringing endorsement of the stock, it does not necessarily mean that investors should avoid it either. Analysts also point out that REE AUTOMOTIVE’s technology and design are innovative and forward-looking. The company’s modular electric vehicle platforms are seen as a potential game-changer in the industry and could be poised for significant growth in the future. As such, many investors believe that REE AUTOMOTIVE has the potential to be a major player in the industry and could be a good long-term investment. At the same time, analysts have cautioned investors to be aware of the risks associated with investing in REE AUTOMOTIVE. The company is still in the early stages of development and there is no guarantee that its products will be successful in the long run.
Additionally, the stock could be volatile and may not be suitable for all investors. Overall, REE AUTOMOTIVE has been given a “Hold” rating by brokerages. While this is not a ringing endorsement of the stock, it does not necessarily mean that investors should avoid it either. Investors should evaluate their own risk tolerance and financial goals before deciding whether or not to invest in REE AUTOMOTIVE.
Share Price
On Friday, brokerages issued a ‘Hold’ rating for REE AUTOMOTIVE stock, which opened at $0.4 and closed at $0.4, down by 4.9% from last closing price of 0.4. The ‘Hold’ rating reflects the company’s current position and outlook, and suggests that investors are better off waiting for more favorable conditions before investing in the stock. Despite the ‘Hold’ rating, analysts are still generally optimistic about REE AUTOMOTIVE’s future prospects. Many analysts have noted that the company is well-positioned to benefit from an expected increase in demand for electric vehicles and other green energy solutions.
Analysts are also encouraged by REE AUTOMOTIVE’s strategic partnerships with leading automotive companies, which should allow the company to capitalize on the growing demand for electric vehicles and other green energy solutions. Overall, while the ‘Hold’ rating has caused some investors to reconsider their investments in REE AUTOMOTIVE stock, analysts remain positive about the company’s future outlook and suggest that investors who are willing to wait may be rewarded in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ree Automotive. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -126.81 | -8563641.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ree Automotive. More…
| Operations | Investing | Financing |
| -103.29 | -126.78 | 3.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ree Automotive. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 241.76 | 44.85 | 0.82 |
Key Ratios Snapshot
Some of the financial key ratios for Ree Automotive are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -8591600.0% |
| FCF Margin | ROE | ROA |
| -1025900.0% | -41.8% | -36.1% |
VI Analysis
The VI Star Chart shows that REE AUTOMOTIVE has a high health score of 9/10, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. The company is classified as an ‘elephant’ due to its wealth of assets after deducting off liabilities. This makes it an attractive investment for long-term investors who are seeking to diversify their portfolio and achieve steady returns. Investors who are looking for a reliable source of income may find REE AUTOMOTIVE to be a less desirable option, however, as it does not offer a high level of dividend payments. Similarly, those who are looking for a company with high potential for growth and profitability may also be disappointed by REE AUTOMOTIVE’s performance in these areas. Nevertheless, the company’s strong asset base makes it an attractive proposition for those looking to invest in a reliable and robust company that is capable of withstanding any economic downturns. With its high health score and strong fundamentals, REE AUTOMOTIVE is definitely a company that should be considered by long-term investors seeking to diversify their portfolio. More…
VI Peers
REE Automotive Ltd is an electric vehicle company based in China. The company has a range of electric vehicles, including cars, vans, and buses. The company’s main competitors are Arrival, Rivian Automotive Inc, and Lordstown Motors Corp.
– Arrival ($NASDAQ:ARVL)
Arrival is a UK-based technology company that designs, manufactures, and operates electric vehicles. The company has a market cap of 485.12M as of 2022 and a Return on Equity of -6.58%. Arrival’s products include electric buses, vans, and cars. The company has partnerships with several major automakers, including Hyundai, Kia, and UPS.
– Rivian Automotive Inc ($NASDAQ:RIVN)
Rivian Automotive Inc is a company that manufactures and sells electric vehicles. As of 2022, the company has a market capitalization of 31.59 billion dollars and a return on equity of -24.65%. The company’s products include electric cars, trucks, and SUVs.
– Lordstown Motors Corp ($NASDAQ:RIDE)
Return on equity is a measure of a company’s profitability that takes into account the company’s overall equity. negative 39.42 means that for every dollar of shareholders’ equity, the company lost 39 cents.
Market cap is short for market capitalization. It is the total value of a company’s shares of stock. 372.07 million is the value of all of the shares of common stock outstanding.
Summary
REE Automotive has recently received a ‘Hold’ rating from various brokerages. This suggests that the stock is unlikely to experience any significant gains or losses in the near future. Investors should consider this rating when deciding whether to invest in REE or not.
However, it is important to note that past performance does not guarantee future performance and should not be used as the only factor when making an investment decision. Analysts suggest monitoring the company’s progress closely in order to make more informed decisions.
Additionally, investors should also research other factors such as the company’s financials, products/services, and management team before investing.
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