REE Automotive (REE) Projected to Post Quarterly Earnings on Wednesday

REE Automotive (NASDAQ:REE) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.79) per share for the quarter.

REE Automotive (NASDAQ:REE) last posted its quarterly earnings results on Tuesday, December 17th. The company reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.97) by ($0.27). On average, analysts expect REE Automotive to post $-5 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

REE Automotive Trading Down 35.2 %

REE opened at $4.26 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.15. The company has a market cap of $59.24 million, a price-to-earnings ratio of -0.47 and a beta of 2.94. The firm has a 50 day simple moving average of $7.72 and a 200 day simple moving average of $7.47. REE Automotive has a fifty-two week low of $2.91 and a fifty-two week high of $11.72.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $15.00 target price on shares of REE Automotive in a research note on Monday, December 23rd.

About REE Automotive

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.