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Reed's, Inc. (REED)

NASDAQ: REED · IEX Real-Time Price · USD
0.615
-0.002 (-0.26%)
After-hours:Oct 22, 2021 7:10 PM EDT
0.617
-0.004 (-0.58%)
At close: Oct 22, 4:00 PM
Market Cap58.07M
Revenue (ttm)44.66M
Net Income (ttm)-13.50M
Shares Out90.80M
EPS (ttm)-0.17
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume251,678
Open0.610
Previous Close0.620
Day's Range0.610 - 0.624
52-Week Range0.550 - 1.680
Beta1.21
AnalystsBuy
Price Target1.55 (+151.3%)
Est. Earnings DateNov 8, 2021

About REED

Reed's, Inc. develops, manufactures, and sells natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. Its products include Reed's craft ginger beers; Virgil's craft sodas; Ginger Candy; and Virgil's zero sugar sodas. Reed's, Inc. 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 through distributors...

IndustryBeverages
Founded1987
Employees34
Stock ExchangeNASDAQ
Ticker SymbolREED
Full Company Profile

Financial Performance

In 2020, Reed's's revenue was $41.62 million, an increase of 23.05% compared to the previous year's $33.82 million. Losses were -$10.18 million, -36.84% less than in 2019.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for Reed's stock is "Buy." The 12-month stock price forecast is 1.55, which is an increase of 151.34% from the latest price.

Price Target
$1.55
(151.34% upside)
Analyst Consensus: Buy

News

Flying Cauldron® Named Official Drink of The Wizard Run®

A Magical Journey is Brewing for Witches and Wizards Alike! A Magical Journey is Brewing for Witches and Wizards Alike!

3 weeks ago - GlobeNewsWire

Hot Penny Stocks To Watch Under $1 Right Now

3 penny stocks to watch right now & they're all trading under $1! The post Hot Penny Stocks To Watch Under $1 Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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These penny stocks shot up today, are they worth watching or not? The post Best Penny Stocks to Buy Right Now?

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1 month ago - PennyStocks

Reed's® Launches Limited-Edition “Boo Box” For Halloween

America's #1 Real Ginger Company Debuts a Seasonal Offering Packed with its Restaged Ginger Chews America's #1 Real Ginger Company Debuts a Seasonal Offering Packed with its Restaged Ginger Chews

1 month ago - GlobeNewsWire

5 Penny Stocks Insiders Are Buying

When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overa...

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1 month ago - Benzinga

Flying Cauldron™ Launches a NEW 16 oz. Can in Celebration of Everyone's Favorite Wizard

For more wizardry excitement, enter for a chance to win a year's worth of butterscotch cream soda

2 months ago - GlobeNewsWire

Reed's® Gets Back to Real with a New Creative Campaign

America's #1 Real Ginger Company Embraces a Summer Celebrating All Things Real America's #1 Real Ginger Company Embraces a Summer Celebrating All Things Real

3 months ago - GlobeNewsWire

Reed's Stirs up Summer with the Launch of New! REAL Ginger Ale Mocktails: Shirley Tempting & Transfusion

America's #1 ginger company expands its Really REAL Ginger Ale line with duo of new, all-natural varieties America's #1 ginger company expands its Really REAL Ginger Ale line with duo of new, all-natura...

4 months ago - GlobeNewsWire

Virgil's™ Launches Three New Zero Sugar Flavors to Kick Off Summer

Handcrafted Beverage Leader Expands Portfolio of Zero Sugar Sodas Handcrafted Beverage Leader Expands Portfolio of Zero Sugar Sodas

4 months ago - GlobeNewsWire

Reed's Inc.® Expands Distribution of Handcrafted Beverage Portfolio with Publix Super Markets

NORWALK, Conn., June 03, 2021 (GLOBE NEWSWIRE) -- Reed's Inc.® (Nasdaq: REED), maker of the nation's leading portfolio of handcrafted, all-natural beverages, today announces expanded distribution with P...

4 months ago - GlobeNewsWire

REED Stock: The Thirst-Quenching News Sending Reed's Higher Today

REED stock is on the move today, thanks to a variety of factors including frenzied market action and a big company announcement. The post REED Stock: The Thirst-Quenching News Sending Reed's Higher Toda...

4 months ago - InvestorPlace

Reed's® Craft Ginger Beer Expands into 1,600 Walmart Mixer Sets Nationwide

America's #1 Ginger Beer, Now Available in 12 oz. Recyclable Aluminum Cans America's #1 Ginger Beer, Now Available in 12 oz. Recyclable Aluminum Cans

4 months ago - GlobeNewsWire

Reed's: Q1 Earnings Insights

Shares of Reed's (NASDAQ:REED) decreased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 0.00% over the past year to ($0.05), which missed t...

5 months ago - Benzinga

Reed's, Inc. Announces First Quarter 2021 Financial Results

Net sales increased 28%

5 months ago - GlobeNewsWire

Handcrafted Beverage Leader, Reed's Inc.®, Introduces New Range of Resealable Bottles

Reed's® & Virgil's™ Debut Resealable 20 oz. Bottles with National C-Store Partners Reed's® & Virgil's™ Debut Resealable 20 oz. Bottles with National C-Store Partners

5 months ago - GlobeNewsWire

Reed's Inc. Announces Release Date of First Quarter 2021 Financial Results and Webcast

NORWALK, Conn., May 07, 2021 (GLOBE NEWSWIRE) -- Reed's Inc. (Nasdaq: REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced that it intends to issue its f...

5 months ago - GlobeNewsWire

Reed's Rallies But Crashes Into Resistance

Shareholders of Reed's, Inc. (NASDAQ: REED) have learned a painful lesson. Markets have memories.

5 months ago - Benzinga

Why Reed's Stock Is Plunging Today

After spiking higher Tuesday, Reed's, Inc. (NASDAQ: REED) shares are trading lower after the company announced a common stock offering of 6.68 million shares at $1.18 per share. The expected proceeds is...

5 months ago - Benzinga

What's Up With Reed's Stock Popping Off Today?

Reed's, Inc. (NASDAQ:REED) shares traded higher by 44% at $1.44 after the company announced an expanded distribution agreement with CVS Health Corp (NYSE:CVS). In a press release Tuesday morning, Reed's...

5 months ago - Benzinga

Reed's Inc.® Announces Expanded Distribution With CVS Pharmacy

Six New Beverage Multipacks From Reed's® & Virgil's™ Roll Out At Over 1,000 Stores Six New Beverage Multipacks From Reed's® & Virgil's™ Roll Out At Over 1,000 Stores

5 months ago - GlobeNewsWire

Reed's Inc.® Expands Distribution With Defense Commissary Agency

Reed's® & Virgil's™ Now Available at Over 200 Domestic & International Military Commissaries Reed's® & Virgil's™ Now Available at Over 200 Domestic & International Military Commissaries

5 months ago - GlobeNewsWire

Reed's: Q4 Earnings Insights

Shares of Reed's (NASDAQ:REED) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 44.44% over the past year to ($0.05), which missed ...

6 months ago - Benzinga

Reed's, Inc. Announces Fourth Quarter and Full Year 2020 Financial Results

Net sales increased 23% in Fiscal 2020

6 months ago - GlobeNewsWire

Reed's Earnings Preview

On Tuesday, March 30, Reed's (NASDAQ:REED) will release its latest earnings report. Here is Benzinga's outlook for the company.

6 months ago - Benzinga