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.
Institutional Ownership:
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.
Analysts Ratings:
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.
