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NASDAQ:REED

Reed's - REED Stock Forecast, Price & News

$0.08
-0.01 (-14.44%)
(As of 12/8/2022 12:51 PM ET)
Add
Compare
Today's Range
$0.08
$0.09
50-Day Range
$0.10
$0.15
52-Week Range
$0.09
$0.44
Volume
84,948 shs
Average Volume
2.44 million shs
Market Capitalization
$9.57 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$0.75

Reed's MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
785.5% Upside
$0.75 Price Target
Short Interest
Healthy
0.53% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.03mentions of Reed
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$25,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.13) to ($0.04) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Consumer Staples Sector

41st out of 141 stocks

Bottled & Canned Soft Drinks Industry

2nd out of 10 stocks

REED stock logo

About Reed's (NASDAQ:REED) Stock

Reed's, Inc. manufactures and distributes handcrafted natural beverages in the United States and internationally. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; and other ginger beverages under the Reed's brand. It sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants, as well as directly to consumers through www.drinkreeds.com. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001. Reed's, Inc. was founded in 1987 and is based in Norwalk, Connecticut.

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REED Stock News Headlines

Maxim Group downgrades Reed’s (REED) to a Hold
Reed’s Reports Third Quarter 2022 Results
See More Headlines
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REED Company Calendar

Last Earnings
11/09/2021
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/30/2023

Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
N/A
Current Symbol
NASDAQ:REED
Employees
34
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$0.75
High Stock Price Forecast
$0.75
Low Stock Price Forecast
$0.75
Forecasted Upside/Downside
+785.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-16,400,000.00
Pretax Margin
-35.75%

Debt

Sales & Book Value

Annual Sales
$49.60 million
Book Value
$0.04 per share

Miscellaneous

Free Float
73,981,000
Market Cap
$9.57 million
Optionable
Optionable
Beta
1.44

Key Executives

  • Mr. Norman E. Snyder Jr.Mr. Norman E. Snyder Jr. (Age 60)
    CEO & Director
    Comp: $372.84k
  • Mr. Thomas J. SpisakMr. Thomas J. Spisak (Age 54)
    CFO & Sec.
    Comp: $266.89k
  • Mr. Neal Cohane (Age 62)
    Chief Sales Officer
    Comp: $259.11k
  • Mr. Christopher J. Reed (Age 64)
    Founder
  • Mr. David Kimmel
    VP of Operations
  • Ms. Lindsay Martin
    VP of Marketing
  • Ms. Joann Christine Tinnelly (Age 53)
    VP & Corp. Controller
  • Mr. Philip T. Trotman
    Director of Marketing
  • Mr. Mark Reed (Age 60)
    Consultant













REED Stock - Frequently Asked Questions

Should I buy or sell Reed's stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reed's in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" REED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REED, but not buy additional shares or sell existing shares.
View REED analyst ratings
or view top-rated stocks.

What is Reed's' stock price forecast for 2023?

1 brokerages have issued 1 year price objectives for Reed's' shares. Their REED share price forecasts range from $0.75 to $0.75. On average, they expect the company's share price to reach $0.75 in the next twelve months. This suggests a possible upside of 657.6% from the stock's current price.
View analysts price targets for REED
or view top-rated stocks among Wall Street analysts.

How have REED shares performed in 2022?

Reed's' stock was trading at $0.3587 at the beginning of 2022. Since then, REED shares have decreased by 72.4% and is now trading at $0.0990.
View the best growth stocks for 2022 here
.

Are investors shorting Reed's?

Reed's saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 593,100 shares, a drop of 38.2% from the October 31st total of 959,300 shares. Based on an average daily trading volume, of 438,200 shares, the days-to-cover ratio is currently 1.4 days.
View Reed's' Short Interest
.

When is Reed's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 30th 2023.
View our REED earnings forecast
.

How were Reed's' earnings last quarter?

Reed's, Inc. (NASDAQ:REED) announced its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.01. The firm earned $13.40 million during the quarter, compared to analyst estimates of $12.32 million. Reed's had a negative net margin of 35.75% and a negative trailing twelve-month return on equity of 1,582.74%. During the same quarter in the prior year, the company earned ($0.04) EPS.

What guidance has Reed's issued on next quarter's earnings?

Reed's issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $56.00 million-$59.00 million, compared to the consensus revenue estimate of $59.70 million.

What other stocks do shareholders of Reed's own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Reed's investors own include NIO (NIO), Acasti Pharma (ACST), ADMA Biologics (ADMA), Arlo Technologies (ARLO), Assertio (ASRT), Avinger (AVGR), Permian Resources (CDEV), Diffusion Pharmaceuticals (DFFN), Express (EXPR) and FuelCell Energy (FCEL).

What is Reed's' stock symbol?

Reed's trades on the NASDAQ under the ticker symbol "REED."

Who are Reed's' major shareholders?

Reed's' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.89%). Insiders that own company stock include John Bello, Norman E Jr Snyder and Thomas J Spisak.
View institutional ownership trends
.

How do I buy shares of Reed's?

Shares of REED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Reed's' stock price today?

One share of REED stock can currently be purchased for approximately $0.10.

How much money does Reed's make?

Reed's (NASDAQ:REED) has a market capitalization of $11.18 million and generates $49.60 million in revenue each year. The company earns $-16,400,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis.

How can I contact Reed's?

Reed's' mailing address is 201 MERRITT 7, NORWALK CT, 06851. The official website for the company is www.drinkreeds.com. The company can be reached via phone at (300) 997-3337, via email at ir@reedsinc.com, or via fax at 310-217-9411.

This page (NASDAQ:REED) was last updated on 12/8/2022 by MarketBeat.com Staff