REE Automotive (NASDAQ:REE) Posts Quarterly Earnings Results, Misses Expectations By $0.27 EPS

REE Automotive (NASDAQ:REE) released its earnings results on Tuesday. The company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.97) by ($0.27), Zacks reports. REE Automotive had a negative net margin of 6,265.21% and a negative return on equity of 119.91%.

REE Automotive Stock Performance

NASDAQ REE opened at $9.49 on Wednesday. REE Automotive has a 52-week low of $2.91 and a 52-week high of $11.72. The stock has a market cap of $99.74 million, a PE ratio of -1.06 and a beta of 3.03. The firm has a 50-day moving average of $7.85 and a 200-day moving average of $5.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.15 and a current ratio of 2.21.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $15.00 price objective on shares of REE Automotive in a research note on Friday, September 27th.

REE Automotive Company Profile

REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.