REE Automotive Ltd – (REE) Price Target Increased by 1475.34% to 14.66
The average one-year price target for REE Automotive Ltd – (NASDAQ:REE) has been revised to 14.66 / share. This is an increase of 1,475.34% from the prior estimate of 0.93 dated October 4, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 4.54 to a high of 31.50 / share. The average price target represents an increase of 459.64% from the latest reported closing price of 2.62 / share.
What is the Fund Sentiment?
There are
53 funds or institutions reporting positions
in REE Automotive Ltd -. This is a decrease of 4 owner(s) or 7.02% in the last quarter. Average portfolio weight
of all funds
dedicated to REE is 0.03%, an increase of 17.79%. Total shares owned by institutions decreased in the last three months by 1.95% to 63,128K shares.
The
put/call ratio
of REE is 0.02, indicating a bullish outlook.
What are Other Shareholders Doing?
Phoenix Holdings
holds 18,613K shares representing 222.83% ownership of the company. In its prior filing, the firm reported owning 19,195K shares, representing
a decrease
of 3.13%. The firm
increased
its portfolio allocation in REE by 29.12% over the last quarter.
M&g Investment Management holds 15,487K shares representing 185.42% ownership of the company. No change in the last quarter.
Clal Insurance Enterprises Holdings holds 13,758K shares representing 164.71% ownership of the company. No change in the last quarter.
Sonic GP holds 3,920K shares representing 46.93% ownership of the company. No change in the last quarter.
Y.D. More Investments
holds 1,500K shares representing 17.96% ownership of the company. In its prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
REE Automotive Background Information
(This description is provided by the company.)
REE Automotive is an automotive technology leader creating the cornerstone for tomorrow’s zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry’s flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.—
+ There are no comments
Add yours