Reed’s Inc. (NASDAQ:REED) closed Monday at $0.20 per share, up from $0.16 a day earlier. While Reed’s Inc. has overperformed by 30.01%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, REED fell by -74.06%, with highs and lows ranging from $0.81 to $0.14, whereas the simple moving average fell by -36.14% in the last 200 days.
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On May 10, 2019, R. F. Lafferty started tracking Reed’s Inc. (NASDAQ: REED) recommending Buy. A report published by Lake Street on April 26, 2019, Initiated its previous ‘Buy’ rating for REED. Maxim Group also reiterated REED shares as ‘Buy’, quoting a target price of $5.50 on the company’s shares in a report dated April 25, 2017. Wunderlich Reiterated the rating as Buy on August 05, 2016, but set its price target from $10 to $8. Maxim Group resumed its ‘Buy’ rating for REED, as published in its report on June 06, 2016. Wunderlich’s report from March 22, 2016 suggests a price prediction of $10 for REED shares, giving the stock a ‘Buy’ rating. Maxim Group also rated the stock as ‘Buy’.
Analysis of Reed’s Inc. (REED)
Further, the quarter-over-quarter increase in sales is 0.80%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Reed’s Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -239.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and REED is recording an average volume of 581.40K. On a monthly basis, the volatility of the stock is set at 12.46%, whereas on a weekly basis, it is put at 18.92%, with a gain of 34.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.93, showing growth from the present price of $0.20, which can serve as yet another indication of whether REED is worth investing in or should be passed over.
How Do You Analyze Reed’s Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 32.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in REED shares?
The recent increase in stakes in REED appears to be a result of several institutional investors and hedge funds increasing their positions. Union Square Park Capital Managem’s position in REED has increased by 146.81% in the first quarter. The company now owns 18,012,117 shares of the stock, with a value of $2.81 million, following the purchase of 10,714,286 additional shares during the last quarter. FiveT Capital AG made another decreased to its shares in REED during the first quarter, downing its stake by -8.38%. During the last quarter, the company dropped down -425,110 additional shares for a total stake of worth $0.73 million, bringing number of shares owned by the company to 4,650,000.
During the first quarter, The Vanguard Group, Inc. subtracted a -128,210 position in REED. Bard Associates, Inc. sold an additional 19800.0 shares in the last quarter, decreasing its holdings by -0.68%, now holding 2.89 million shares worth $0.45 million. REED shares are owned by institutional investors to the tune of 32.60% at present.
