REE Automotive Ltd. (REE)

NASDAQ: REE · Real-Time Price · USD
6.59
-0.19 (-2.80%)
Nov 20, 2024, 4:00 PM EST - Market closed
-2.80%
Market Cap 122.66M
Revenue (ttm) 825,000
Net Income (ttm) -95.35M
Shares Out 18.61M
EPS (ttm) -8.62
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 46,732
Open 6.77
Previous Close 6.78
Day's Range 6.16 - 6.77
52-Week Range 2.91 - 8.79
Beta 3.03
Analysts Buy
Price Target 9.25 (+40.36%)
Earnings Date Nov 29, 2024

About REE

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. It also provides P7-S Strip Chassis... [Read more]

Industry Auto Parts
Founded 2011
Employees 244
Stock Exchange NASDAQ
Ticker Symbol REE
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for REE stock is "Buy." The 12-month stock price forecast is $9.25, which is an increase of 40.36% from the latest price.

Price Target
$9.25
(40.36% upside)
Analyst Consensus: Buy
Stock Forecasts

News

REE Automotive to Report Third Quarter 2024 Financial Results on December 17, 2024

TEL AVIV, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it w...

2 days ago - GlobeNewsWire

REE Automotive Strengthens Executive Leadership Team and Board of Directors with Two Key Appointments

TEL AVIV, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platfo...

6 days ago - GlobeNewsWire

REE Automotive to Present at Two Prestigious Events in Detroit and Los Angeles

- CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights - Chief Operations Officer Josh T...

4 weeks ago - GlobeNewsWire

M&G INVESTMENT MANAGEMENT LTD Bolsters Stake in REE Automotive Ltd

On September 19, 2024, M&G INVESTMENT MANAGEMENT LTD, a prominent investment firm, executed a significant transaction by acquiring an additional 2,163,837 shares of REE Automotive Ltd (REE, Financial)...

6 weeks ago - GuruFocus

REE Automotive CEO on Earnings Beat, Outlook for E.V. Industry

Daniel Barel, CEO of REE Automotive (REE), talks about how the company "came off its best quarter ever." He talks about the ways REE is expanding its presence in the EV industry, and what still needs ...

7 weeks ago - Schwab Network

REE Automotive Ltd. (REE) Q2 2024 Earnings Call Transcript

REE Automotive Ltd. (NASDAQ:REE) Q2 2024 Post Earnings Conference Call September 26, 2024 5:00 PM ET Company Participants Keren Shemesh - Chief Marketing Officer Daniel Barel - CEO Josh Tech - Chief ...

7 weeks ago - Seeking Alpha

REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results

Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needs Signed strategic agreement with Motherson, a global automotive supplier, to strengthen RE...

2 months ago - GlobeNewsWire

REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer

TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, REE Automotive Ltd. (Nasdaq: REE), an automotive t...

2 months ago - GlobeNewsWire

REE Automotive Announces Global Manufacturing Agreement with Leading Automotive Supplier Motherson Group Making Strategic Investment in a $45.35 Million Registered Direct Offering Led By M&G

Motherson is a global engineering and manufacturing specialist and one of the world's leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion 1.

2 months ago - GlobeNewsWire

Over 50,000 Government and Education Entities Can Now Purchase REE's Software-Defined Electric Truck Through Sourcewell Contract

TEL AVIV, Israel, July 30, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that...

4 months ago - GlobeNewsWire

REE Automotive Ltd. (REE) Q1 2024 Earnings Call Transcript

REE Automotive Ltd. (NASDAQ:REE) Q1 2024 Results Conference Call May 30, 2024 8:30 AM ET Company Participants Brandon Friedman - Capital Markets Counsel Daniel Barel - Chief Executive Officer Yaron Z...

6 months ago - Seeking Alpha

REE Automotive Reports First Quarter 2024 Financial Results: Deliveries to Customers Have Begun Including to Penske, U-Haul and Airbus

Penske Truck Leasing begins to offer Powered by REE® Electric Vehicles to its customers U-Haul received Powered by REE electric platform and is evaluating it as the first solution to support the elect...

6 months ago - GlobeNewsWire

REE Automotive to Report First Quarter 2024 Financial Results on May 30, 2024

TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platfor...

6 months ago - GlobeNewsWire

REE Automotive's P7-C Electric Trucks and Platforms Approved for $30,000 Incentive Per Vehicle in Massachusetts

REE's class 4 software-driven commercial EV was approved for the Massachusetts MOR-EV truck incentive which, when combined with the federal credit, could total up to $70,000 in cost savings per vehicl...

6 months ago - GlobeNewsWire

REE Automotive Ltd (REE) Q4 2023 Earnings Call Transcript

REE Automotive Ltd (REE) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results

REE has accomplished the majority of its milestones as the first to commercialize full x-by-wire technology, setting the path for sustainable growth REE has accomplished the majority of its milestones...

8 months ago - GlobeNewsWire

Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million

- REE's authorized dealer network grows to 66 sales and service locations across the U.S. and Canada through 20 authorized dealers - New dealers include Macnab EV Sales Corp., Pacific Mobility Group a...

8 months ago - GlobeNewsWire

REE Automotive P7-C Receives CARB Certifications

• Powered by REE P7-C electric truck is eligible for sale in California • Certifications makes P7-C eligible for over $100,000 in state and federal incentives • Deliveries have commenced to REE's Auth...

8 months ago - GlobeNewsWire

REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

TEL AVIV, Isreal, March 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platf...

8 months ago - GlobeNewsWire

REE Announces Closing of Public Offering of Ordinary Shares

-   Raised $14.95 million in ordinary shares issued with minimal discount -   Overallotment fully exercised -   Multiple investors participated in the round, led by M&G, REE's largest investor TEL AVI...

9 months ago - GlobeNewsWire

REE Automotive selected by Airbus UpNext

TEL AVIV, Israel, March 05, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”) has been selected by Airbus UpNext, wholly-owned innovation subsidiary of Airbus SE  (st...

9 months ago - GlobeNewsWire

REE Announces Pricing of Public Offering of Ordinary Shares

TEL AVIV, Israel, March 01, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), today announced the pricing of an underwritten public offering of 2,000,000 Class A ord...

9 months ago - GlobeNewsWire

REE Announces Proposed Public Offering of Ordinary Shares

TEL AVIV, Israel, Feb. 29, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), today announced that it has launched a public offering to offer and sell its Class A ord...

9 months ago - GlobeNewsWire

REE Automotive to Showcase Two Configurations of P7-C Fully-by-Wire Electric Truck at Work Truck Week 2024

-   P7-C Chassis Cab will be on display to the public at REE's booth #1843 -   A full utility configuration of P7-C with Knapheide's KUV body will be on display on March 5 -   REE and Knapheide to hos...

9 months ago - GlobeNewsWire

REE Automotive ($REE) Debuts First of its Kind Vehicle Technology in United States

REE Automotive (NASDAQ: REE) has announced the first demo of its P7 electric chassis cab to the United States. The vehicle has undergone customization at Knapheide in Quincy, Illinois, a leading North...

9 months ago - Green Stock News