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For Reed’s Inc. [REED], Analyst sees a rise to $5. What next?

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Reed’s Inc. [NASDAQ: REED] gained 25.72% on the last trading session, reaching $1.07 price per share at the time. The company report on February 3, 2021 that Reed’s Inc. Expands North America Distribution in Partnership with Unique Foods (Canada) Inc.

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Reed’s Inc. (NASDAQ: REED), America’s #1 ginger company, announces a distribution partnership with Unique Foods Inc. to expand the company’s retail footprint throughout Canada.

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The new master agreement between Reed’s Inc. and Unique Foods, Canada’s leading distributor for healthy beverages, will establish a larger presence for the company’s world-famous Reed’s Ginger Beer and Virgil’s, their line of handcrafted, all-natural sodas. The strategic partnerships will provide increased availability for Reed’s Ginger Beer in both Extra and Original varieties, and Virgil’s handcrafted sodas, in Root Beer, Vanilla Cream, Black Cherry and Orange Cream flavors, across all channels of business in Canada.

Reed’s Inc. represents 62.94 million in outstanding shares, while the company has a total market value of $91.86 million with the latest information. REED stock price has been found in the range of $0.8728 to $1.28.

If compared to the average trading volume of 1.27M shares, REED reached a trading volume of 11158803 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 0.10, with the Price to Sales ratio for REED stock in the period of the last 12 months amounting to 2.41. The Price to Book ratio for the last quarter was 107.00, with the Price to Cash per share for the same quarter was set at 0.01.

Trading performance analysis for REED stock

Reed’s Inc. [REED] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.88. With this latest performance, REED shares gained by 75.99% in over the last four-week period, additionally sinking by -23.57% over the last 6 months – not to mention a rise of 4.90% 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 72.02, with the RSI for the last a single of trading hit 76.13, and the three-weeks RSI is set at 68.12 for Reed’s Inc. [REED]. The present Moving Average for the last 50 days of trading for this stock 0.7049, while it was recorded at 0.8874 for the last single week of trading, and 0.8660 for the last 200 days.

Reed’s Inc. [REED]: A deeper dive into fundamental analysis

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.

Reed’s Inc. [REED]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Reed’s Inc. [REED]

There are presently around $14 million, or 29.20% 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 $2.4 million in REED stocks shares; and ROYCE & ASSOCIATES LP, currently with $2.06 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 21 institutional holders increased their position in Reed’s Inc. [NASDAQ:REED] by around 1,046,018 shares. Additionally, 15 investors decreased positions by around 1,634,521 shares, while 18 investors held positions by with 10,800,690 shares. The mentioned changes placed institutional holdings at 13,481,229 shares, according to the latest SEC report filing. REED stock had 9 new institutional investments in for a total of 105,384 shares, while 8 institutional investors sold positions of 1,493,935 shares during the same period.

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