REE Automotive (NASDAQ:REE) Downgraded to Maintain at Zacks Funding Analysis

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REE Automotive (NASDAQ:REE) was downgraded by Zacks Funding Analysis from a “purchase” score to a “maintain” score in a report issued on Wednesday, Zacks.com reviews.

Based on Zacks, “REE Automotive Ltd. is an automotive know-how. REE Automotive Ltd., previously often known as 10X Capital Enterprise Acquisition Corp, relies in NEW YORK. “

Individually, Cantor Fitzgerald initiated protection on shares of REE Automotive in a analysis report on Friday, January 14th. They set an “chubby” score and a $9.00 goal value on the inventory. One equities analysis analyst has rated the inventory with a promote score, one has issued a maintain score and three have issued a purchase score to the corporate’s inventory. Based on knowledge from MarketBeat.com, the corporate at the moment has a mean score of “Maintain” and a consensus goal value of $10.90.

Shares of NASDAQ:REE opened at $4.20 on Wednesday. The corporate has a 50 day transferring common value of $4.63. REE Automotive has a fifty-two week low of $3.40 and a fifty-two week excessive of $11.66.

REE Automotive (NASDAQ:REE) final launched its quarterly earnings knowledge on Tuesday, November sixteenth. The corporate reported ($1.62) earnings per share for the quarter. Equities analysts forecast that REE Automotive will put up -1.66 EPS for the present yr.

A variety of institutional buyers and hedge funds have lately purchased and offered shares of REE. IPG Funding Advisors LLC bought a brand new stake in shares of REE Automotive in the course of the third quarter value about $102,000. First Nationwide Belief Co bought a brand new place in REE Automotive within the third quarter value roughly $45,000. Meitav Sprint Investments Ltd. bought a brand new place in REE Automotive within the third quarter value roughly $1,308,000. Zweig DiMenna Associates LLC bought a brand new place in REE Automotive within the third quarter value roughly $1,355,000. Lastly, M&G Funding Administration Ltd. bought a brand new place in REE Automotive within the 4th quarter value roughly $50,209,000. Institutional buyers personal 8.71% of the corporate’s inventory.

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About REE Automotive

REE Automotive Ltd. is an automotive know-how. REE Automotive Ltd., previously often known as 10X Capital Enterprise Acquisition Corp, relies in NEW YORK.

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