NYSE:REED Reed's (REED) Stock Forecast, Price & News $3.26 +0.06 (+1.88%) (As of 09/29/2023 08:54 PM ET) Add Compare Share Share Today's Range$3.26▼$3.5450-Day Range$2.73▼$3.7552-Week Range$1.50▼$7.70Volume1,400 shsAverage Volume12,429 shsMarket Capitalization$8.48 millionP/E RatioN/ADividend YieldN/APrice Target$7.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainSEC FilingsSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainSEC FilingsSocial Media Reed's MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside114.7% Upside$7.00 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.06Based on 10 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($3.26) to ($1.64) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.10 out of 5 stars 3.5 Analyst's Opinion Consensus RatingReed's has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.00, Reed's has a forecasted upside of 114.7% from its current price of $3.26.Amount of Analyst CoverageReed's has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for REED. Previous Next 0.0 Dividend Strength Dividend YieldReed's does not currently pay a dividend.Dividend GrowthReed's does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for REED. Previous Next 1.7 News and Social Media Coverage News SentimentReed's has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Reed's this week, compared to 6 articles on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Reed's insiders have not sold or bought any company stock.Percentage Held by Insiders29.90% of the stock of Reed's is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions72.25% of the stock of Reed's is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Reed's are expected to grow in the coming year, from ($3.26) to ($1.64) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Reed's is -0.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Reed's is -0.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About Reed's (NYSE:REED) StockReed's, Inc. engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas. 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 headquartered in Norwalk, Connecticut.Read More REED Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart REED Stock News HeadlinesSeptember 28, 2023 | msn.comJudge dismisses Patrick Reed's $750M defamation lawsuitsSeptember 27, 2023 | msn.comJudge dismisses Patrick Reed’s $1 billion defamation lawsuits against Golf Channel, Brandel Chamblee and othersOctober 1, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 27, 2023 | msn.comPatrick Reed’s Lawsuit Against Brandel Chamblee and Other Media Members Dismissed Again By Federal CourtSeptember 27, 2023 | msn.comJudge dismisses Patrick Reed’s $1B defamation lawsuits against Golf Channel, Brandel Chamblee and othersSeptember 27, 2023 | sports.yahoo.comJudge dismisses Masters winner Reed's defamation lawsuitsSeptember 27, 2023 | msn.comPatrick Reed's $750 million lawsuit against Golfweek, others has been dismissed againSeptember 27, 2023 | msn.comFederal Judge Has Issued Ruling On Patrick Reed's LawsuitOctober 1, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 27, 2023 | msn.comWant to let everyone know that the southern stone county fire department auxiliary is doing their chili cook off again this year it's on October 1st at Reeds spring high school.September 26, 2023 | forbes.comFrom Gratitude To Greatness: Nikole Reed’s Path To Leadership SuccessSeptember 25, 2023 | msn.comSixers News: WWE Could Complicate Paul Reed's 'Out The Mud' BrandSeptember 24, 2023 | americanbankingnews.comReed's (NYSE:REED) Earns Sell Rating from Analysts at StockNews.comSeptember 20, 2023 | msn.comNick Nurse speaks on Paul Reed’s shooting adjustments, Tyrese Maxey creating for others, and moreSeptember 17, 2023 | msn.comSixers’ Paul Reed Prescribed Nurse’s Pill This OffseasonSeptember 13, 2023 | technews.tmcnet.comIntenseye Named to Will Reed's Top 100 Class of 2023September 12, 2023 | msn.com‘Rally for Reed’ fundraiser Sept. 24 in Travis will benefit a little boy with a very rare genetic disorderSeptember 9, 2023 | msn.com76ers' Nick Nurse Enthused About Paul ReedSeptember 8, 2023 | finance.yahoo.comConstructor Named to Will Reed's Top 100 of 2023 -- Honoring Companies Shaping the Future of Workplace CultureSeptember 8, 2023 | msn.comHigh school football: Reed's Bron Rios running roughshod over opposing defensesSeptember 7, 2023 | msn.comRobert Saleh has no problem with DJ Reed’s 1985…September 7, 2023 | msn.comNick Nurse on BBall Paul Reed: ‘will he play with Embiid? For sure.’September 7, 2023 | msn.comJets’ Robert Saleh Takes Shot at Media Over D.J. Reed’s ’85 Bears’ QuoteSeptember 7, 2023 | sports.yahoo.comRobert Saleh has no problem with DJ Reed’s 1985 Bears comparisonSeptember 7, 2023 | finance.yahoo.comLumos Named to Will Reed's Top 100 Class of 2023September 7, 2023 | benzinga.comSounder Named to Will Reed's Top 100 Class of 2023 for Shaping the Future of Workplace CultureSeptember 7, 2023 | msn.comWondering what those metal reeds in Chambers Creek Regional Park are? It’s all about loveSee More Headlines Receive REED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Reed's and its competitors with MarketBeat's FREE daily newsletter. Email Address REED Company Calendar Last Earnings8/10/2023Today10/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Bottled & canned soft drinks Sub-IndustryN/A SectorConsumer Staples Current SymbolNYSE:REED CUSIPN/A CIK1140215 Webdrinkreeds.com Phone(800) 997-3337Fax310-217-9411Employees22Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.00 High Stock Price Forecast$7.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+114.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($6.68) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-20,060,000.00 Net Margins-34.48% Pretax Margin-36.22% Return on EquityN/A Return on Assets-66.87% Debt Debt-to-Equity RatioN/A Current Ratio0.84 Quick Ratio0.25 Sales & Book Value Annual Sales$50.78 million Price / Sales0.17 Cash FlowN/A Price / Cash FlowN/A Book Value($3.40) per share Price / Book-0.96Miscellaneous Outstanding Shares2,602,000Free Float1,824,000Market Cap$8.48 million OptionableOptionable Beta1.46 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Norman E. Snyder Jr. (Age 61)CEO & Director Comp: $376.22kMr. Neal Cohane (Age 63)Chief Sales Officer Comp: $250kMr. Christopher J. Reed (Age 65)Founder Ms. Joann Christine Tinnelly (Age 53)Interim CFO & Sec. Mr. Damian WarshallVP of OperationsMs. Lindsay MartinVP of MarketingMr. Christopher Burleson (Age 41)Chief Commercial Officer Mr. Philip T. TrotmanDirector of MarketingMore ExecutivesKey CompetitorsDAVIDsTEANASDAQ:DTEAEducational DevelopmentNASDAQ:EDUCBranchOut FoodNASDAQ:BOFStryve FoodsNASDAQ:SNAXReborn CoffeeNASDAQ:REBNView All Competitors REED Stock - Frequently Asked Questions Should I buy or sell Reed's stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Reed's in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" REED shares. View REED analyst ratings or view top-rated stocks. What is Reed's' stock price forecast for 2023? 1 equities research analysts have issued 12 month price objectives for Reed's' shares. Their REED share price forecasts range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 114.7% 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 2023? Reed's' stock was trading at $0.0698 at the beginning of the year. Since then, REED stock has increased by 4,570.5% and is now trading at $3.26. View the best growth stocks for 2023 here. How were Reed's' earnings last quarter? Reed's, Inc. (NYSE:REED) issued its earnings results on Thursday, August, 10th. The company reported ($0.99) earnings per share for the quarter, beating analysts' consensus estimates of ($1.32) by $0.33. The business earned $10.01 million during the quarter, compared to analyst estimates of $12.72 million. What guidance has Reed's issued on next quarter's earnings? Reed's issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $48.00 million-$52.00 million, compared to the consensus revenue estimate of $57.94 million. What is Reed's' stock symbol? Reed's trades on the New York Stock Exchange (NYSE) under the ticker symbol "REED." 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 $3.26. How much money does Reed's make? Reed's (NYSE:REED) has a market capitalization of $8.48 million and generates $50.78 million in revenue each year. The company earns $-20,060,000.00 in net income (profit) each year or ($6.68) 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 drinkreeds.com. The company can be reached via phone at (800) 997-3337, via email at ir@reedsinc.com, or via fax at 310-217-9411. This page (NYSE:REED) was last updated on 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Reed's, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.