Reed’s Inc. (REED) is priced at $0.81 after the most recent trading session. At the very opening of the session, the stock price was $0.67 and reached a high price of $0.829, prior to closing the session it reached the value of $0.66. The stock touched a low price of $0.65.
Recently in News on November 24, 2020, Reed’s Inc. Announces Closing of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares. Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced it has closed its previously announced underwritten public offering of 18,750,000 shares and the full exercise of the underwriters’ option to purchase an additional 2,812,500 shares. In total, the Company issued 21,562,500 of its common stock at a price of $0.56 per share for gross proceeds of approximately $12.1 million. Included within the total offering amount, members of Reed’s Board of Directors and senior management invested in the aggregate of approximately $625,000. You can read further details here
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Reed’s Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $0.8290 on 01/11/21, with the lowest value was $0.5913 for the same time period, recorded on 01/04/21.
Reed’s Inc. (REED) full year performance was -23.23%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Reed’s Inc. shares are logging -50.85% during the 52-week period from high price, and 123.17% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.36 and $1.64.
The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 7524262 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Reed’s Inc. (REED) recorded performance in the market was 36.40%, having the revenues showcasing -20.19% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 65.54M, as it employees total of 28 workers.
Specialists analysis on Reed’s Inc. (REED)
During the last month, 0 analysts gave the Reed’s Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.8378, with a change in the price was noted -0.3539. In a similar fashion, Reed’s Inc. posted a movement of -30.51% for the period of last 100 days, recording 646,147 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for REED is recording 20.40 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.60.
Trends and Technical analysis: Reed’s Inc. (REED)
Raw Stochastic average of Reed’s Inc. in the period of last 50 days is set at 60.44%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 90.69%. In the last 20 days, the company’s Stochastic %K was 73.60% and its Stochastic %D was recorded 57.82%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 36.40%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -4.88%, alongside a downfall of -23.23% for the period of the last 12 months. The shares increased approximately by 32.58% in the 7-day charts and went up by 25.82% in the period of the last 30 days. Common stock shares were lifted by -20.19% during last recorded quarter.