Stock Moving Towards 52-Week Low Reed’s, Inc. (:REED)

Reed’s, Inc. (:REED) shares have been recently nearing the 52-week low. Investors will be looking to see if the stock rebounds or continues to move lower. The stock was recently spotted at the 1.67 level, which is presently 1.21% away from the 52-week low price. Changing course, we can see that the stock’s current beta value is 1.34. A positive beta would indicate that the stock follows the market. A negative beta would suggest that the stock inversely follows the market. A beta of 0 would show that the price is not correlated with the market.

Investors may be trying to find stocks that are building momentum. Finding these stocks may help bolster the portfolio going into the second half of the year. Investors often look to pounce on any opportunity in the stock market. Without properly being prepared, these opportunities may disappear quickly. Staying on top of fundamentals, technicals, and earnings, may help investors stay prepared. 

Checking in on the RSI or relative strength index for Reed’s, Inc. (:REED), we have noted that the current 14-day level is 20.74. The RSI is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. RSI may be used to identify overbought or oversold conditions. An RSI reading above 70 would be considered overbought, and a value under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.

At current stock price levels, Reed’s, Inc. (:REED) shares are trading -42.35% away from the 200-day moving average. Focusing on some other popular MA time-frames, we can see that the stock is trading -39.53% away from the 50-day MA and -13.65% away from the 20-day MA.

Over the last quarter, shares have performed -53.22%. For the last month, shares have performed -44.52%. Zooming in to the last week, company shares are -6.70%. Over the past full-year, Reed’s, Inc. (:REED)’s stock has been -45.69%. Since the beginning of the calendar year, company shares have performed -19.32%. Investors will be waiting to see if shares see a turnaround in the next few weeks. As the stock nears 52-week lows, investors may be rapidly trying to figure out the next move.

Focusing on Street analyst opinions, we can see that the current consensus target price on company shares is $5.08. Moving over to the consensus broker rating, we see the number is 2.00. This rating uses a scale where a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would represent a Hold recommendation.

As we move into the second half of the year, investors may be focused on portfolio performance over the first part of the year. They may be trying to put all the pieces together in order to create a solid plan that will provide sustained profits, even if market conditions deteriorate. This may involve introducing more diversity into the portfolio. One investor may evaluate a stock completely different than another. It may be important to do the necessary research on the overall industry when searching for the next big winner. As the next round of earnings reporting gets underway, investors will be watching to see which companies are positioned for growth over the foreseeable future. Investors will optimally have all their requisite boxes checked when scouting out the next portfolio moves.

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