Tuesday, January 26, 2021

Reed’s Inc. [REED] Is Currently 22.45 above its 200 Period Moving Avg: What Dose This Mean?

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Reed’s Inc. [NASDAQ: REED] closed the trading session at $0.81 on 01/11/21. The day’s price range saw the stock hit a low of $0.65, while the highest price level was $0.829. The company report on November 25, 2020 that Reed’s Inc. Announces Closing of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares.

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Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, 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.


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“The success of this offering and insider participation is a testament to our collective confidence in our long-term growth potential. We are driving accelerated growth, driven by strong execution and innovation in a vibrant growth category,” stated Norman E. Snyder, Chief Executive Officer of Reed’s, Inc. “The proceeds of this offering will fortify our balance sheet, providing the resources and flexibility needed to position Reed’s to capitalize on its future opportunities and based on our current trajectory and market assumptions will provide the appropriate resources to reach profitability.”.

The stocks have a year to date performance of 36.40 percent and weekly performance of 32.58 percent. The stock has been moved at -4.88 percent over the last six months. The stock has performed 25.82 percent around the most recent 30 days and changed -20.19 percent over the most recent 3-months.

If compared to the average trading volume of 790.18K shares, REED reached to a volume of 7524262 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Reed’s Inc. [REED]:

R. F. Lafferty have made an estimate for Reed’s Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 10, 2019. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on April 26, 2019, representing the official price target for Reed’s Inc. stock. Previously, the target price had yet another drop from $7 to $5.50, while Maxim Group kept a Buy rating on REED stock. On August 05, 2016, analysts decreased their price target for REED shares from 10 to 8.

The Average True Range (ATR) for Reed’s Inc. is set at 0.05, with the Price to Sales ratio for REED stock in the period of the last 12 months amounting to 1.72. The Price to Book ratio for the last quarter was 80.61, with the Price to Cash per share for the same quarter was set at 0.01.

REED stock trade performance evaluation

Reed’s Inc. [REED] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.58. With this latest performance, REED shares gained by 25.82% in over the last four-week period, additionally sinking by -4.88% over the last 6 months – not to mention a drop of -23.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for REED stock in for the last two-week period is set at 68.02, with the RSI for the last a single of trading hit 77.42, and the three-weeks RSI is set at 60.85 for Reed’s Inc. [REED]. The present Moving Average for the last 50 days of trading for this stock 0.6940, while it was recorded at 0.6782 for the last single week of trading, and 0.8336 for the last 200 days.

Reed’s Inc. [REED]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Reed’s Inc. [REED] shares currently have an operating margin of -44.06 and a Gross Margin at +23.29. Reed’s Inc.’s Net Margin is presently recorded at -47.64.

Return on Total Capital for REED is now -198.03, given the latest momentum, and Return on Invested Capital for the company is -672.45. When it comes to the capital structure of this company, Reed’s Inc. [REED] has a Total Debt to Total Equity ratio set at 754.32. Additionally, REED Total Debt to Total Capital is recorded at 88.29, with Total Debt to Total Assets ending up at 54.10. Long-Term Debt to Equity for the company is recorded at 515.29, with the Long-Term Debt to Total Capital now at 55.37.

Reflecting on the efficiency of the workforce at the company, Reed’s Inc. [REED] managed to generate an average of -$575,429 per employee. Receivables Turnover for the company is 12.86 with a Total Asset Turnover recorded at a value of 2.37.Reed’s Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Reed’s Inc. [REED] stock

With the latest financial reports released by the company, Reed’s Inc. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for REED. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Reed’s Inc. go to 20.00%.

Reed’s Inc. [REED]: Insider Ownership positions

There are presently around $9 million, or 29.10% of REED stock, in the hands of institutional investors. The top three institutional holders of REED stocks are: HANDELSBANKEN FONDER AB with ownership of 2,550,000, which is approximately 0% of the company’s market cap and around 8.70% of the total institutional ownership; BARD ASSOCIATES INC, holding 2,239,350 shares of the stock with an approximate value of $1.8 million in REED stocks shares; and ROYCE & ASSOCIATES LP, currently with $1.55 million in REED stock with ownership of nearly 23.723% of the company’s market capitalization.

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Positions in Reed’s Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 20 institutional holders increased their position in Reed’s Inc. [NASDAQ:REED] by around 919,821 shares. Additionally, 14 investors decreased positions by around 1,619,392 shares, while 17 investors held positions by with 10,800,419 shares. The mentioned changes placed institutional holdings at 13,339,632 shares, according to the latest SEC report filing. REED stock had 8 new institutional investments in for a total of 90,387 shares, while 7 institutional investors sold positions of 1,478,806 shares during the same period.

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