+Compare
REE
Stock ticker: NASDAQ
AS OF
Loading...
Price
Loading...
Change
Loading...
Capitalization
46.5M

REE REE Automotive Ltd Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for REE with price predictions
07:00 PM EST Dec 07, 2023

REE sees MACD Histogram crosses below signal line

REE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 06, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 25 instances where the indicator turned negative. In of the 25 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for REE moved out of overbought territory on November 30, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 6 similar instances where the indicator moved out of overbought territory. In of the 6 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where REE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

REE broke above its upper Bollinger Band on November 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Momentum Indicator moved above the 0 level on December 08, 2023. You may want to consider a long position or call options on REE as a result. In of 64 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

REE moved above its 50-day moving average on November 13, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for REE crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +6 3-day Advance, the price is estimated to grow further. Considering data from situations where REE advanced for three days, in of 109 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 48 cases where REE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. REE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.463) is normal, around the industry mean (19.285). P/E Ratio (0.000) is within average values for comparable stocks, (48.166). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.593). Dividend Yield (0.000) settles around the average of (0.064) among similar stocks. REE's P/S Ratio (75.188) is slightly higher than the industry average of (10.702).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. REE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Harley-Davidson (NASDAQ:HOG), YETI Holdings (NASDAQ:YETI), Peloton Interactive (NASDAQ:PTON), MasterCraft Boat Holdings (NASDAQ:MCFT).

Industry description

The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).

Market Cap

The average market capitalization across the Recreational Products Industry is 4.48B. The market cap for tickers in the group ranges from 5.94K to 63.42B. OLCLY holds the highest valuation in this group at 63.42B. The lowest valued company is CLUBQ at 5.94K.

High and low price notable news

The average weekly price growth across all stocks in the Recreational Products Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -14%. VIVC experienced the highest price growth at 88%, while MCOM experienced the biggest fall at -99%.

Volume

The average weekly volume growth across all stocks in the Recreational Products Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was 10% and the average quarterly volume growth was -24%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 58
Price Growth Rating: 64
SMR Rating: 68
Profit Risk Rating: 83
Seasonality Score: 24 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published Earnings

REE is expected to report earnings to rise 1.51% to -201 cents per share on March 14

REE Automotive Ltd REE Stock Earnings Reports
Q4'23
Est.
$-2.02
Q3'23
Beat
by $0.20
Q2'23
Missed
by $2.10
Q1'23
Est.
$-0.09
Q4'22
Beat
by $0.05
The last earnings report on November 30 showed earnings per share of -199 cents, beating the estimate of -219 cents. With 45.57K shares outstanding, the current market capitalization sits at 46.50M.
A.I. Advisor
published General Information

General Information

Industry RecreationalProducts

Profile
Fundamentals
Details
Industry
N/A
Address
Kibbutz Glil-Yam
Phone
+972 778995200
Employees
291
Web
https://www.ree.auto
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
LOVE25.300.42
+1.69%
Lovesac Company (The)
IGT27.000.41
+1.54%
International Game Technology PLC
MEIP6.72-0.01
-0.15%
MEI Pharma
NEE59.70-0.15
-0.25%
Nextera Energy Inc
JBGS15.46-0.09
-0.58%
JBG SMITH Properties

REE and

Correlation & Price change

A.I.dvisor tells us that REE and XPOF have been poorly correlated (+33% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that REE and XPOF's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To REE
1D Price
Change %
REE100%
+2.98%
XPOF - REE
33%
Poorly correlated
-13.04%
PTON - REE
30%
Poorly correlated
+0.34%
PLBY - REE
26%
Poorly correlated
+4.42%
FUV - REE
25%
Poorly correlated
+3.61%
CUK - REE
24%
Poorly correlated
+1.55%
More

Groups containing REE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To REE
1D Price
Change %
REE100%
+2.98%
Consumer Durables
(undefined stocks)
11%
Poorly correlated
+0.31%
Recreational Products
(undefined stocks)
8%
Poorly correlated
+0.36%