Are Shares Of Reed’s, Inc. (REED) Really Worth?

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Reed’s, Inc. (REED) has seen some recent movement in the market and its stock closed trading at $0.9499 yesterday. Investors are starting to take interest of REED as the stock traded as high as $0.9779 and as low as $0.9404 in the previous market day.

Reed’s, Inc. (REED) average trading volume is 322.29K. However, in the previous market day Reed’s, Inc. (REED) traded 64,216 shares. The First downside support level on REED is $0.84 and the First upside resistance level on REED is $1.48. REED 50 day moving average is $0.9581 and REED two hundred day moving average is $0.9094.

Reed’s, Inc. (REED) most recent performance has been shown by the recent movement in REED stock. REED has performed 0.70% over the past 4 weeks, REED has performed -27.49% over the past 90 days and REED has shown 41.78% over the past year. Reed’s, Inc. (REED) has a 1 year range of $0.3600 to $1.6400. Reed’s, Inc. (REED) is trading 162.98% from its 1 year low and -42.08% from its 1 year high. Reed’s, Inc. (REED) is showing a 1.92% short float showing the quantity short in the float.

REED has 59.52M shares outstanding and 55.49M shares in the float. Reed’s, Inc. (REED) at this time has a market cap of $58.55M and income of -12.70M. The EPS next quarter for REED is -0.03 and projected EPS next year is 30.80%. The market cap of Reed’s, Inc. (REED) at $58.55M signifies how many Investors own shares of REED and is calculated off the last price ($0.9499) of REED and the quantity of shares outstanding (59.52M) with Reed’s, Inc. (REED).

Reed’s, Inc. (REED) has total cash (mrq) of 1.11M, total cash per share (mrq) of 0.02, total debt of REED remains at 9.1M and total debt/equity (mrq) is 317.58. . Reed’s, Inc. (REED) operational cash flow (ttm) is -11.67M, REED leveraged free cash flow (ttm) is -7.54M.

REED is trading -1.73% below (bearish) its SMA20, -4.22% below (bearish) its SMA50 and 7.80% above (bullish) its SMA200.

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