Reborn Coffee Inc [NASDAQ: REBN] stock went on an upward path that rose over 84.39% on Wednesday, amounting to a one-week price increase of more than 121.53%.
Over the last 12 months, REBN stock dropped by -57.08%. The one-year Reborn Coffee Inc stock forecast points to a potential upside of 80.06. The average equity rating for REBN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.37 million, with 1.87 million shares outstanding and 0.73 million shares in the current float. Compared to the average trading volume of 135.37K shares, REBN stock reached a trading volume of 109736664 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Reborn Coffee Inc [REBN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for REBN shares is $16.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on REBN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Reborn Coffee Inc is set at 0.37, with the Price to Sales ratio for REBN stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 3.78, with the Price to Cash per share for the same quarter was set at 0.29.
REBN Stock Performance Analysis:
Reborn Coffee Inc [REBN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 121.53. With this latest performance, REBN shares gained by 177.39% in over the last four-week period, additionally plugging by 16.83% over the last 6 months – not to mention a drop of -57.08% 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 REBN stock in for the last two-week period is set at 81.47, with the RSI for the last a single of trading hit 88.07, and the three-weeks RSI is set at 74.38 for Reborn Coffee Inc [REBN]. The present Moving Average for the last 50 days of trading for this stock 1.3200, while it was recorded at 1.8100 for the last single week of trading, and 3.3000 for the last 200 days.
Insight into Reborn Coffee Inc Fundamentals:
Reborn Coffee Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.55.
Reborn Coffee Inc [REBN] Institutonal Ownership Details
The top three institutional holders of REBN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in REBN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in REBN stock with ownership which is approximately 5.8386%.
