With 1.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. The 52-week range on REI shows that it touched its highest point at $2.43 and its lowest point at $1.25 during that stretch. It currently has a 1-year price target of $3.25. Beta for the stock currently stands at 1.73.
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 REI was up-trending over the past week, with a rise of 6.52%, but this was up by 5.76% over a month. Three-month performance dropped to -11.45% while six-month performance fell -21.39%. The stock lost -30.99% in the past year, while it has gained 0.68% so far this year. A look at the trailing 12-month EPS for REI yields 0.36 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.12. This implies an EPS growth rate of -47.47% for this year and 2.14% for next year. EPS is expected to grow by 37.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 100.74%.
Float and Shares Shorts:
At present, 175.53 million REI shares are outstanding with a float of 124.20 million shares on hand for trading. On Feb 15, 2024, short shares totaled 13.95 million, which was 7.13% higher than short shares on Jan 12, 2024. In addition to Mr. Paul D. McKinney as the firm’s CEO & Chairman of the Board, Mr. Travis T. Thomas serves as its Executive VP, CFO, Corporate Secretary & Treasurer.
Institutional Ownership:
Through their ownership of 48.23% of REI’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REI 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.
Summary of Insider Activity:
Insiders traded REI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 225,000 while 40,670,325 shares were sold.
