Reed’s Inc. (NASDAQ:REED) went up by 0.78% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Beverages – Non-Alcoholic giant went up by $0.97 to trade ended Wednesday trading at $0.96. This is up from the $0.958 price recorded on Tuesday’s trading session. Thanks to this latest performance, REED is closer to the higher price 52-week target of $2.50 and further from the lowest price target of $2.00. Its performance from the start of the year has also been positive, with REED up by 6.10% year-to-date.
Reed’s Inc. (REED) started the day trading at $0.96 and recorded an intraday high of $0.9899. It also recorded an intraday low of $0.95 during Wednesday’s trading session. Reed’s Inc. is a very active stock that recorded a trading volume that is less than -155.94% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 288754, which is less than -155.94 of the total average daily trading volume of 739.04K.
Reed’s Inc. (NASDAQ:REED) 2020 Performance Impressive
The increase in REED’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of REED currently stands at $3.80, which is higher than the current trading price of the stock by 74.47%. However, REED’s current trading price is -169.44% lower than the 52-week low price of $0.36. In terms of trading volume, Reed’s Inc. currently experienced healthy participation during the last trading session. 288754 shares of Reed’s Inc. were traded on the stock exchange on Wednesday, which is less than -155.94% of the 739.04K average trading volume of the stock.
The performance of the stock has been positive over the past year. REED’s performance over the past one year has seen it plunge by -73.94%, while the stock has gone up by 6.10% in the last six months. The quarterly performance of REED currently stands at 103.26%, and it is up by 14.94% in the last month. The only negative figure was from the weekly performance, which currently reads -2.47%. At the time of writing REED’s report, the company has a total market cap of $64.62M, making it one of the largest publicly-traded companies in the world.Reed’s Inc. also has over 28 employees all over the world.
REED Insider Activities
For Reed’s Inc., insiders hold 26.80% of all company shares. The insider transactions over the past six months are up by 10.60%. During that period, insiders bought 782,170 shares in 7 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Reed’s Inc. now hold 6.97M shares, which is over 27.77% of the total company stocks. Institutional investors currently hold a large chunk of the REED shares, as they control 11.08% of the company’s total stock.
REED Fundamental Analysis
For Reed’s Inc., the stock’s diluted earnings per share (EPS) stands at -0.41. In the coming year, analysts expect the EPS to be -0.13. The EPS growth will up over the next five years to 20.00% after plunging by -51.20% in the previous five years. In terms of revenue, Reed’s Inc.’s quarterly sales (YOY) is shrinking at -0.04, which is higher than the average annual revenue of -51.20% over the past half a decade.
It has a net profit margin of -44.20%. The operating margin of the company is -40.70%, and its gross margin is 23.60%.
REED Analysts Prediction
Another analyst that has a Buy rating for REED is Maxim Group, which set a price target of between $7 and $5.50. Wunderlich reiterate their Buy position on the stock ($10 and $8) and Maxim Group also reiterate their Buy position on the stock ($10 and $7).
Maxim Group and Wunderlich also believe that Reed’s Inc.’s stock is outperforming at the moment.
REED Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of REED currently stands at -6.08%, while the SMA50 is 23.98%. The biggest one is the SMA200, which is currently reading 17.73% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 54.21.