Automotive technology company REE Automotive (NASDAQ:REE) is scheduled to release its earnings data before the market opens on Thursday, May 30th. Analysts are forecasting that REE Automotive will announce earnings of ($1.90) per share for the quarter. Individuals interested in participating in the company’s earnings conference call can do so by accessing the provided link.
In its most recent earnings statement on March 27th, REE Automotive disclosed a loss of ($3.44) per share for the quarter, falling short of analysts’ projections by ($1.12). The company achieved $0.46 million in revenue during the quarter, exceeding analysts’ estimates of $0.15 million. Looking forward, analysts expect REE Automotive to report a loss of $-6 per share for the current fiscal year and $-4 per share for the following fiscal year.
REE Automotive’s stock trading experienced a decrease of 0.8% on Thursday, commencing at $5.11. The company’s stock has fluctuated between a low of $2.30 and a high of $13.77 over the past year. REE Automotive currently holds a market capitalization of $53.71 million, with a price-to-earnings ratio of -0.44 and a beta of 3.01. The company’s financial status encompasses a debt-to-equity ratio of 0.06, a current ratio of 2.66, and a quick ratio of 2.64. The 50-day moving average price stands at $4.73, and the 200-day moving average price is $5.24.
Financial experts on Wall Street have furnished a thorough analysis of REE Automotive, offering their perspectives on the company’s stock.
REE Automotive Ltd. functions as an automotive technology company, operating in various international locations including France, the United Kingdom, and the United States. The company provides innovative solutions such as the REEcorner, a compact module integrating essential vehicle drive components, and the REEplatform, which facilitates customized and modular top hat/cabin designs based on customer specifications, without necessitating alterations to the platform.
In addition to the upcoming earnings report, ample information and analysis regarding REE Automotive can be found in various stock reports and news sources. For those seeking to remain informed about the latest developments, MarketBeat.com delivers a complimentary daily email newsletter supplying a concise summary of news and analysts’ ratings for REE Automotive and associated companies.
In summary, the impending earnings report from REE Automotive will yield valuable insights into the company’s financial performance and future prospects, offering illumination on investment opportunities within the automotive technology sector.