With 1.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.95 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 $3.00. Beta for the stock currently stands at 1.76.
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 2.62%, but this was up by 40.00% over a month. Three-month performance surged to 27.27% while six-month performance fell -2.97%. The stock gained 4.81% in the past year, while it has gained 34.25% so far this year. A look at the trailing 12-month EPS for REI yields 0.54 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.10. This implies an EPS growth rate of -14.22% for this year and 11.24% 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 29.41%.
Float and Shares Shorts:
At present, 196.84 million REI shares are outstanding with a float of 124.77 million shares on hand for trading. On Mar 15, 2024, short shares totaled 13.34 million, which was 6.74% higher than short shares on Feb 15, 2024. In addition to REIT as the firm’s REIT, GREI serves as its Goldman Sachs Future Real Estat.
Institutional Ownership:
Through their ownership of 47.70% 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.
