Reed’s Inc

Company Profile

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.

Stock update

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

0

Trailing PE

0

PEG

-0.34

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

$-2000.00

Capital Expenditure

$0

Dividend Payout Ratio

0%

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

$3.45

52-Week High

$14.96

52-Week Low

$2.41

Analyst Target Price

$24

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.