(REE) Ree Automotive Holding - Ratings and Ratios

REE Automotive Holding Inc (NASDAQ:REE) is a pioneering automotive technology company revolutionizing the industry with its modular and scalable solutions. Headquartered in Herzliya, Israel, the company operates globally, serving a diverse range of clients including original equipment manufacturers, delivery and logistics fleets, and e-commerce retailers. REEs innovative products, such as REEcorner and REEplatform, enable the creation of highly customizable and adaptable vehicles, catering to the evolving needs of the automotive and mobility sectors.

The companys product portfolio includes the P7 series, comprising the P7-S Strip Chassis, P7-C Chassis Cab and Cutway Chassis, and P7-B Box Truck, designed for commercial delivery vehicles, walk-in vans, and vocational applications. These products leverage REEs proprietary technology, offering enhanced vehicle control, better handling, and improved safety in adverse conditions. With its cutting-edge solutions, REE is poised to capitalize on the growing demand for electric and autonomous vehicles, as well as the increasing need for flexible and efficient mobility solutions.

Analyzing the available , we observe that the stocks current price is 0.85, significantly lower than its 52-week high of 11.07. The SMA20, SMA50, and SMA200 are 2.71, 3.33, and 6.04, respectively, indicating a downward trend. The ATR is 0.36, representing a volatility of 42.04%. Considering the , the companys Market Cap stands at 86.19M USD, with a negative P/E and P/E Forward, and a RoE of -163.11, indicating significant losses. Given these factors, a forecast for REEs stock price is challenging, but a potential support level could be around 0.80-0.90, while resistance may be found at 1.20-1.50. A breakout above the SMA20 or a sustained increase in trading volume could be indicative of a potential trend reversal.

Based on the analysis of and , a possible trading strategy could involve closely monitoring the stocks price action around the support level, while also keeping a watchful eye on the companys future earnings announcements and industry developments. A more detailed examination of the companys financials, product pipeline, and competitive landscape would be necessary to make a more informed investment decision. As the automotive technology landscape continues to evolve, REEs innovative solutions position it for potential growth, but investors should be cautious of the associated risks and uncertainties.