REE Automotive (REE) to Release Earnings on Thursday

REE Automotive (NASDAQ:REE) is scheduled to be announcing its earnings results before the market opens on Thursday, September 26th. Analysts expect the company to announce earnings of ($1.76) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

REE Automotive Price Performance

Shares of REE opened at $6.30 on Wednesday. REE Automotive has a 1-year low of $2.30 and a 1-year high of $8.43. The stock has a market cap of $66.20 million, a PE ratio of -0.58 and a beta of 2.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.58 and a quick ratio of 2.53. The firm has a fifty day moving average price of $3.90 and a 200 day moving average price of $4.31.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $15.00 price target on shares of REE Automotive in a research report on Friday, May 31st.

REE Automotive Company Profile

REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.