American Rebel Holdings Inc (NASDAQ: AREB) stock jumped 0.63% on Monday to $0.37 against a previous-day closing price of $0.37. With 85038.0 shares changed hands, the volume of the stock remained lighter than its average volume of 1.99 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.3799 whereas the lowest price it dropped to was $0.3500. The 52-week range on AREB shows that it touched its highest point at $8.00 and its lowest point at $0.30 during that stretch. It currently has a 1-year price target of $2.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AREB was up-trending over the past week, with a rise of 8.85%, but this was down by -23.15% over a month. Three-month performance dropped to -68.20% while six-month performance fell -90.47%. The stock lost -94.34% in the past year, while it has lost -92.35% so far this year.
Float and Shares Shorts:
At present, 5.02 million AREB shares are outstanding with a float of 4.95 million shares on hand for trading. On Oct 30, 2023, short shares totaled 35810.0, which was 0.84% higher than short shares on Sep 28, 2023. In addition to Mr. Charles A. Ross Jr. as the firm’s CEO, Treasurer, Secretary & Chairman, Mr. Douglas Edward Grau serves as its President, Interim Principal Accounting Officer & Director.
Other institutions hold 6.74% of AREB, in contrast to 0.42% held by mutual funds. As the largest shareholder in AREB with 4.17% of the stake, Armistice Capital LLC holds 178,000 shares worth 178,000. A second-largest stockholder of AREB, HRT Financial LLC, holds 67,979 shares, controlling over 1.59% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in AREB, holding 20,262 shares or 0.47% stake. With a 0.42% stake in AREB, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 18,128 shares are owned by the mutual fund manager.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AREB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AREB analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, AREB could surge 440.54% to reach the target high and rise by 440.54% to reach the target low. Reaching the average price target will result in a growth of 440.54% from current levels.