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- Market Cap.:
- $9.47 million
- Book Value:
- Revenue TTM:
- $50.78 million
- Operating Margin TTM:
- Gross Profit TTM:
- $13.60 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Reed’s Inc had its IPO on 2007-05-01 under the ticker symbol REED.
The company operates in the Consumer Defensive sector and Beverages-Non-Alcoholic industry. Reed’s Inc has a staff strength of 31 employees.
Shares of Reed’s Inc opened at $3.4 at the start of the last trading session i.e. 2023-03-31.
The stocks traded within a range of $3.15 - $3.55, and closed at $3.45.
This is a -1.43% slip from the previous day's closing price.
A total volume of 6,193 shares were traded at the close of the day’s session.
In the last one week, shares of Reed’s Inc have slipped by -0.29%.
Reed’s Inc's Key Ratios
Reed’s Inc has a market cap of $9.47 million, indicating a price to book ratio of 5.1817 and a price to sales ratio of 0.1774.
In the last 12-months Reed’s Inc’s revenue was $50.78 million with a gross profit of $13.60 million and an EBITDA of $-15463000. The EBITDA ratio measures Reed’s Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Reed’s Inc’s operating margin was 0% while its return on assets stood at -33.56% with a return of equity of -765.83%.
In Q3, Reed’s Inc’s quarterly earnings growth was a positive 0% while revenue growth was a negative 9.8%.
Reed’s Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-9 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of -0.34. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Reed’s Inc’s profitability.
Reed’s Inc stock is trading at a EV to sales ratio of 0.6246 and a EV to EBITDA ratio of -2.0583. Its price to sales ratio in the trailing 12-months stood at 0.1774.
Reed’s Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $30.30 million
- Total Liabilities
- $25.31 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Reed’s Inc ended 2023 with $30.30 million in total assets and $0 in total liabilities. Its intangible assets were valued at $30.30 million while shareholder equity stood at $-3436000.00.
Reed’s Inc ended 2023 with $0 in deferred long-term liabilities, $25.31 million in other current liabilities, 11000.00 in common stock, $-116430000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $25000.00 and cash and short-term investments were $25000.00. The company’s total short-term debt was $13,697,000 while long-term debt stood at $8.17 million.
Reed’s Inc’s total current assets stands at $28.85 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $7.51 million compared to accounts payable of $9.58 million and inventory worth $19.92 million.
In 2023, Reed’s Inc's operating cash flow was $-2000.00 while its capital expenditure stood at $0.
Comparatively, Reed’s Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Reed’s Inc stock is currently trading at $3.45 per share. It touched a 52-week high of $14.96 and a 52-week low of $14.96. Analysts tracking the stock have a 12-month average target price of $24.
Its 50-day moving average was $3.72 and 200-day moving average was $6.27 The short ratio stood at 2.8 indicating a short percent outstanding of 0%.
Around 1000.6% of the company’s stock are held by insiders while 2635.2% are held by institutions.
Frequently Asked Questions About Reed’s Inc
Similar Industry Stocks (Beverages-Non-Alcoholic)
Reed’s, Inc. manufactures and distributes handcrafted natural beverages in the United States and internationally. The company offers Reed’s craft ginger beer; Reed’s real ginger ales; Reed’s ready to drink products; Virgil’s handcrafted sodas; and other ginger beverages under the Reed’s brand. It sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants, as well as directly to consumers through www.drinkreeds.com. The company was formerly known as Original Beverage Corporation and changed its name to Reed’s, Inc. in 2001. Reed’s, Inc. was founded in 1987 and is based in Norwalk, Connecticut.