에 대한 최신 뉴스 REE Automotive (NASDAQ:REE) 주식

REE Automotive

REE Automotive Ltd is an automotive technology company focused on building commercial electric vehicles controlled fully by-wire. The company is developing REEcorner technology which packs critical vehicle components into a single compact module positioned between the chassis and the wheel as well as building commercial Electric Vehicles (EV) leveraging REEcorner technology. The company has geographical preference in Israel, Germany, United States, United Kingdom, and other regions.

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화요일(17일) 미국 주식 선물이 하락하고 있는 가운데, 오늘 투자자들의 주목을 받을 만한 주식들은 다음과 같다. 워딩턴 엔터프라이즈, 컴퍼스 미네랄스, 어플라이드 디지털, 레드캣 및 리 오토모티브

화요일 주목해야 할 주식: 워딩턴 엔터프라이즈, 컴퍼스 미네랄스, 어플라이드 디지털, 레드캣 및 리 오토모티브

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CNN 머니 공포·탐욕 지수가 전반적인 시장 심리가 개선되었음을 보여 주었다. 지수가 월요일에 &#34;탐욕&#34; 영역으로 이동했다.미국 주식은 월요일에 혼조세로 마감되었으며, 다우존스 지수는 8거래일 연속 하락했다. 그러나 나스닥 지수는 거래 중 사상 최고치로 급등했다. 

다우 지수 8일째 하락, 나스닥은 애플·알파벳·테슬라 상승으로 사상 최고치: &#39;공포&#39; 지수는 &#39;탐욕&#39; 영역으로

REE Automotive Ltd. - Class A Ordinary Shares

REE Automotive Ltd

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HC Wainwright &amp; Co. analyst Amit Dayal reiterates REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) with a Buy and maintains $15 price target.

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HC Wainwright & Co. Reiterates Buy on REE Automotive, Maintains $15 Price Target

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REE Automotive shares are trading lower after the company reported worse-than-expected Q3 financial results.

REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) just disclosed its Q3 earnings on Tuesday, December 17, 2024 at 07:15 AM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
REE Automotive missed estimated earnings by -30.0%, reporting an EPS of $-1.12 versus an estimate of $-0.86.
Revenue was down $199 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.54 which was followed by a 18.0% increase in the share price the next day.

To track all earnings releases for REE Automotive <a href="https://www.benzinga.com/quote/REE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into REE Automotive Q3 Earnings

REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) reported quarterly losses of $(1.12) per share which missed the analyst consensus estimate of $(1.01) by 10.89 percent. The company reported quarterly sales of $11.000 thousand which missed the analyst consensus estimate of $50.000 thousand by 78.00 percent. This is a 94.76 percent decrease over sales of $210.000 thousand the same period last year.

Earnings Misses

REE Automotive Q3 2024 Adj. EPS $(1.12) Misses $(1.01) Estimate, Sales $11.000K Miss $50.000K Estimate

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) to report quarterly earnings at 52 cents per share on revenue of $273.77 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Worthington Enterprises shares fell 0.1% to $38.64 in after-hours trading.</li>
<li>Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) posted downbeat results for its fourth quarter on Monday. Compass Minerals shares dipped 7.3% to $11.69 in the after-hours trading session.</li>
<li>Analysts expect Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) to post a quarterly loss at 34 cents per share on revenue of $899 thousand after the closing bell. Applied Digital shares fell 0.2% to $9.99 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) reported worse-than-expected second-quarter financial results on Monday. The company reported second-quarter revenue of $1.53 million, missing analyst estimates of $4.13 million. The drone technology company reported a second-quarter loss of 18 cents per share, missing analyst estimates for a loss of eight cents per share, according to Benzinga Pro. Red Cat shares tumbled 15.8% to $8.80 in the after-hours trading session.</li>
<li>Analysts expect REE Automotive Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) to post a quarterly loss at $1.01 per share on revenue of $50 thousand. The company will release earnings before the opening bell. REE Automotive shares gained 7.2% to $11.77 in the after-hours trading session.</li>
</ul>
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Worthington Enterprises, Red Cat Holdings, And 3 More Stocks To Watch As US Futures Trade Lower On Tuesday

<h3>Companies Reporting Before The Bell</h3>
• REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) is expected to report quarterly loss at $0.86 per share on revenue of $50 thousand. 
• Cheetah Mobile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCM#NYSE">CMCM</a>) is projected to report earnings for its third quarter. 
• NeuroOne Medical Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMTC#NASDAQ">NMTC</a>) is likely to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Worthington Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $273.77 million. 
• cbdMD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $4.81 million. 
• Applied DNA Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) is estimated to report quarterly loss at $0.35 per share on revenue of $899 thousand. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 17, 2024

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, with the Dow Jones index falling for the eighth session in a row. However, the Nasdaq surged to a record high during the session.
Shares of Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) all surged to new all-time highs on Monday.
On the economic data front, the NY Empire State Manufacturing Index declined to 0.20 in December compared to 31.2 in the previous month, and down from market estimates of 12.
The S&amp;P Global services PMI climbed to 58.5 in December versus 56.1 in November. The S&amp;P Global manufacturing PMI declined to 48.3 in December compared to 49.7 in the prior month.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, energy and healthcare stocks recording the biggest losses on Monday. However, consumer discretionary and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by over 110 points to 43,717.48 on Monday. The S&amp;P 500 gained 0.38% to 6,074.08, while the Nasdaq Composite gained 1.24% at 20,173.89 during Monday's session.
Investors are awaiting earnings results from Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>), Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) and REE Automotive Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) today.
At a current reading of 56.7, the index moved to the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 49.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Dow Falls For 8th Session, While Nasdaq Hits Record High As Apple, Alphabet, And Tesla Rise: Fear Index Shifts To 'Greed' Zone

<h3>Gainers</h3>
<ul>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) stock rose 21.3% to $1.71 during Monday's pre-market session. The market value of their outstanding shares is at $153.1 million. </li>
<li>Nova Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVFY#NASDAQ">NVFY</a>) stock increased by 15.47% to $0.47. The market value of their outstanding shares is at $3.4 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock moved upwards by 11.37% to $0.83. The market value of their outstanding shares is at $2.9 million. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) shares increased by 9.65% to $1.59. The market value of their outstanding shares is at $2.4 million. </li>
<li>REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) shares moved upwards by 9.14% to $11.82. The market value of their outstanding shares is at $127.9 million. </li>
<li>Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) stock rose 8.22% to $0.75. The market value of their outstanding shares is at $34.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock declined by 12.0% to $0.9 during Monday's pre-market session. The company's market cap stands at $11.7 million. </li>
<li>Tile Shop Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTSH#NASDAQ">TTSH</a>) shares decreased by 11.47% to $6.1. The company's market cap stands at $272.4 million. </li>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) stock declined by 11.12% to $1.12. The market value of their outstanding shares is at $5.5 million. </li>
<li>U Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) stock fell 10.09% to $6.69. The company's market cap stands at $22.6 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares declined by 9.76% to $0.18. The company's market cap stands at $50.8 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock decreased by 7.88% to $0.99. The company's market cap stands at $14.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Connexa Sports Technologies Inc. - Common Stock

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12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

<a href="https://www.globenewswire.com/Tracker?data=QFCV0cJpvD00F60TLmMc-NMEAm_Q6G3abja1b-qYLjEZYb9ith-Gf_wJLnUduDJ_4qhjyWMf1IF9ikF0YufvNA==">REE Automotive Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the appointment of Rajesh Goel, president at Motherson Group ("Motherson"), to its board of directors and announced the return of Hai Aviv as Chief Financial Officer (CFO) to lead REE's North American expansion. Both appointments take effect&nbsp;on November 15, 2024.
Motherson Group is strengthening its commitment to REE, with the appointment of Rajesh Goel to the Board of Directors. Rajesh's extensive automotive background, including his current leadership role at Motherson and previously with Honda Cars India, will bolster REE's production strategy amid rising demand for electric trucks. "Rajesh's experience is a strong asset as we expand our production capabilities," said REE Chairman, Carlton Rose.

Management

REE Announces The Appointment Of Rajesh Goel, President At Motherson Group, To Its Board Of Directors And Announced The Return Of Hai Aviv As Chief Financial Officer To Lead REE's North American Expansion, Both Appointments Take Effect On November 15, 2024.

<h3>Gainers</h3>
<ul>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) shares rose 36.7% to $5.62 during Wednesday's regular session. The company's market cap stands at $36.1 million. </li>
<li>REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) shares moved upwards by 20.69% to $8.13. The market value of their outstanding shares is at $88.0 million. </li>
<li>Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) stock rose 18.45% to $12.67. The company's market cap stands at $43.5 million. </li>
<li>Mondee Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOND#NASDAQ">MOND</a>) shares moved upwards by 17.39% to $1.35. The company's market cap stands at $118.0 million. </li>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) shares increased by 16.99% to $4.2. The company's market cap stands at $20.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) stock decreased by 25.2% to $0.83 during Wednesday's regular session. The market value of their outstanding shares is at $20.2 million. </li>
<li>Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) stock declined by 21.99% to $10.95. The market value of their outstanding shares is at $139.3 million. </li>
<li>JX Luxventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) shares declined by 20.18% to $1.44. The company's market cap stands at $8.7 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock declined by 19.57% to $0.18. </li>
<li>Ambow Education Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#AMEX">AMBO</a>) stock decreased by 13.07% to $1.73. The company's market cap stands at $4.9 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares decreased by 12.38% to $0.4. The company's market cap stands at $3.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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11 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session

REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) reported quarterly losses of $(0.97) per share which beat the analyst consensus estimate of $(1.51) by 35.76 percent. This is a 1285.71 percent decrease over losses of $(0.07) per share from the same period last year.

Earnings Beats

REE Automotive Q2 Adj $(0.97) Beats $(1.51) Estimate, Company Ends Q2 With Liquidity Of $60.5M

REE Automotive Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) shares are trading higher on Monday after the company announced it selected Roush Industries to assemble REE&#8217;s P7 vehicles at Roush&#8217;s Detroit-area factory, which has an annual capacity of up <a href="https://www.benzinga.com//node/40981413">to 5,000 vehicles</a>.
The Details: Assembly of the P7 electric trucks will begin in the 2024 fourth quarter. The vehicles feature a flat vehicle base that offers up to 35% more space for cargo, passengers and batteries. In addition, the truck has the industry&#8217;s lowest step-in height.
&#8220;We chose to work with Roush because of their proven capabilities and expertise in the commercial EV market, their capacity to scale production, and their understanding of our unique business model, which is to build our vehicles to order, not for inventory,&#8221; said Josh Tech, COO of REE. 
&#8220;We want to get our trucks in the hands of our customers as soon as possible, while not sacrificing on quality, making sure our customers can count on us as they build their electric commercial fleets. By partnering with Roush, we can concentrate on our core technology and production of the REEcorners while optimizing production costs and reducing go to market times benefiting from their nearly 40-year track record of engineering and manufacturing spans from NASCAR, to lunar terrain vehicles, to the most innovative EVs.&#8221;&nbsp;
How To Buy REE Automotive Shares
By now you're likely curious about how to participate in the market for REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>), which is trading at $6.15 as of publishing time, $100 would buy you 16.26 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
See Also: <a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk &#8216;Remotely Disabled&#8217; The Militarized EV</a>
REE Price Action: At the time of writing, REE Automotive stock is trading 4.86% lower at $6.04 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image via Pexels

What's Going On With REE Automotive Shares Monday?

REE Automotive shares are trading higher after the company announced that it selected Roush Industries to assemble P7 vehicles at Roush's Detroit-area factory.

<ul>
<li>Production of P7 electric truck line-up to begin Q4 2024 at Roush's facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks. &nbsp;</li>
<li>Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit.</li>
<li>Faster production ramp up, improved unit costs, and accelerated road to free-cash flow generation are expected.</li>
<li>Customers have begun securing production slots.</li>
</ul>
TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, <a href="https://www.globenewswire.com/Tracker?data=MFG5Eh0agCKBnZUPhm5FDLVb7p3sQvo0l_DhfAt0YDzAreuFwewdyvgbX-Sn3PBFkSAeqV5TAPkt8qmCSRvqJA==">REE Automotive Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that it has selected <a href="https://www.globenewswire.com/Tracker?data=8mg4JulcrcTcAPtOsP30OJ65LzHqL3uDXZinpMs9a2C0NJ-ifQUyIfFWMigrJhlcIvHY7pzgyyezNryRWKlvUA==">Roush Industries</a>, a leading innovative vehicle contract manufacturer, to assemble REE's P7 vehicles at Roush's Detroit-area factory. REE will continue to manufacture its proprietary REEcorner&#xAE; technology in its UK Coventry Integration Center. With a focus on speed to market and impeccable build quality, Roush's assembly team unites decades of design, engineering, machining, fabrication, testing, manufacturing, and supply chain expertise to deliver a scalable process for REE. Roush will be supported onsite by a joint REE and Motherson team, who will be responsible for overall quality assurance, logistics, and testing.
Roush, as U.S. contract manufacture for the P7 lineup, will be responsible for the assembly of full vehicles according to REE's requirements. REE's software-defined electric trucks will be assembled at Roush's Detroit based site specifically chosen for REE's requirements and designed to have a yearly capacity of up to 5,000 trucks. Motherson, a leading global automotive part supplier with whom REE signed a strategic agreement, will manage global supply chain and logistics targeting cost reduction, improved unit economics and higher margines.
REE's P7 electric commercial trucks line-up is built on top of four REEcorners&#xAE; featuring REE's disruptive x-by-wire technology. REEcorners&#xAE; pack critical vehicle components into the area between the chassis and the wheel, enabling a fully flat electric chassis end-to-end with up to 35% more interior volume for passengers, cargo and batteries. Electric vehicles built on the P7 chassis have the industry's lowest step-in height, are autonomous ready, and can be powered by either batteries or fuel cells. The P7 is well established with a network of 78 service and sales locations through 24 authorized dealers across North America with potential access to over 200 fleets in the U.S. and Canada.

REE Automotive Kick-Off U.S. Production With Roush Industries As Contract Manufacturer; Production Of P7 Electric Truck Line-Up To Begin Q4 2024 At Roush's Facility In Detroit, Michigan, With Annual Capacity Of Up To 5,000 Trucks

REE Automotive Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) shares are trading higher after it announced<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40876809/ree-automotive-announces-global-manufacturing-agreement-with-leading-automotive-supplier-motherson" rel="noreferrer noopener"> a strategic deal with </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40876809/ree-automotive-announces-global-manufacturing-agreement-with-leading-automotive-supplier-motherson" rel="noreferrer noopener">Motherson Group</a>.
REE Automotive has secured $45.35 million from investors, including M&amp;G Investments and Motherson, through a direct offering of 11 million Class A shares at $4.122 each.
The proceeds are expected to support general working capital, and the offering is set to close by September 19, 2024, pending standard conditions.
REE&#8217;s largest shareholder M&amp;G Investments led the $45.35 million investment in REE Automotive with $20 million, followed by Motherson&#8217;s $15 million. Post-offering, M&amp;G will hold approximately 16% of REE&#8217;s issued and outstanding ordinary shares; Motherson will hold approximately 19% on a non-diluted basis and, similarly, Varana Capital 8%.
As per the deal, Motherson will handle sourcing and supply chain management for all production parts and support the assembly of REE&#8217;s REEcorner and REE P7 electric trucks.
This collaboration with Motherson will enhance REE&#8217;s production capabilities and industry relationships, supporting its expansion and meeting rising demand for its unique software-driven medium-duty electric trucks, expected to play a significant role in the transition to electric fleets worldwide.
Motherson, a major automotive supplier, will also appoint a director to REE&#8217;s board.
REE Co-founder and CEO, Daniel Barel, said, &#8220;Motherson&#8217;s global footprint and manufacturing prowess combines perfectly with REE&#8217;s technology and innovation mindset. This combination will benefit our customers and investors alike, by pushing forward the transition towards electrification and carbon neutrality.&#8221;
As of March 31, 2024, REE&#8217;s cash and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g39081137/ree-automotive-reports-first-quarter-2024-financial-results-deliveries-to-customers-have-begun-inc" rel="noreferrer noopener">equivalents stood at $77.5 million</a>.
Price Action: REE shares are up 36% at $4.032 at the last check Monday.
Read Next:
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Don&#8217;t miss the opportunity to dominate in a volatile market at the&nbsp;<a target="_blank" href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" rel="noreferrer noopener">Benzinga SmallCAP Conference</a>&nbsp;on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!

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REE Automotive Revs Up With Cash Infusion And Strategic Alliance With Motherson: Details

REE Automotive shares are trading higher after announcing an agreement with Motherson Group where they will manage sourcing and the supply chain of all production parts and support assembly of Ree. Also, Motherson Group will make a $45.35 million registered direct offering investment in the company.

Financing

REE Automotive Announces Agreement With Motherson Group, Pursuant To Which Motherson Will Manage Sourcing And Supply Chain Of All Production Parts And Support Assembly Of REEcorner And REE P7 Trucks; REE Priced $45.35M Registered Direct Offering

Workhorse Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wkhs#NASDAQ">WKHS</a>) came out with a quarterly loss of $1.40 per share in line with the Zacks Consensus Estimate. This compares to loss of $2.40 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this truck and drone manufacturer would post a loss of $1.60 per share when it actually produced a loss of $2, delivering a surprise of -25%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Workhorse, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $0.84 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 71.93%. This compares to year-ago revenues of $3.97 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Workhorse shares have lost about 83.1% since the beginning of the year versus the S&amp;P 500&#39;s gain of 17.6%.
<h2>What&#39;s Next for Workhorse?</h2>
While Workhorse has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Workhorse: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.40 on $7.5 million in revenues for the coming quarter and -$6 on $25 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, REE Automotive Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ree#NASDAQ">REE</a>), is yet to report results for the quarter ended June 2024.
This company is expected to post quarterly loss of $1.45 per share in its upcoming report, which represents a year-over-year change of +31%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
REE Automotive Ltd.&#39;s revenues are expected to be $0.6 million, down 36.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2324420/workhorse-group-wkhs-reports-q2-loss-lags-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2324420">To read this article on Zacks.com click here.</a>

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following US economic concerns. An economic slowdown could impact consumer spending.

REE Automotive Q3 2024 Earnings Preview

Today, several major companies are expected to report earnings: HEICO (HEI), Heico Cp Cl A (HEI.A), Worthington Industries (WOR), NeuroOne Medical ...

Options Volatility and Implied Earnings Moves Today, December 17, 2024

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Ree Automotive reports Q3 non-GAAP EPS ($1.12) vs. ($1.99) last year

REE Automotive GAAP EPS of -$2.56 misses by $1.50

The latest announcement is out from REE Automotive ( ($REE) ). REE Automotive reported a 230% surge in vehicle reservations, reaching $137 million,...

REE Automotive Sees Surge in Reservations and Begins P7 Production

REE Automotive Ltd. (REE) Q3 2024 Earnings Call Transcript

Congress extends funding deadline to March 14, secures $100B for disaster aid - report

Ree Automotive Ltd. ( ($REE) ) has released its Q3 earnings. Here is a breakdown of the information Ree Automotive Ltd. presented to its investors....

REE Automotive Sees Strong Growth and Liquidity Boost

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on REE Automotive (REE – Research Report), with a price target ...

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Ree Automotive's (REE) Q3 results were reported on December 17, and the company is ending 2024 on a strong note with vehicle production, distributi...

Ree Automotive ending 2024 on 'strong' note, says H.C. Wainwright

AMTM

Shares of Auto Technology Company Spike on New Agreement

Press Releases

REE Automotive to Report Second Quarter 2024 Financial Results on September 26, 2024

REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer

REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results

REE Automotive to Present at Two Prestigious Events in Detroit and Los Angeles

REE Automotive Strengthens Executive Leadership Team and Board of Directors with Two Key Appointments

REE Automotive to Report Third Quarter 2024 Financial Results on December 17, 2024

REE Automotive Named CES 2025 Innovation Award Honoree for Software-Defined Vehicle Technology

REE Automotive Reports Q3 2024 Results: Reservations Surge by 230% as Production Begins and Liquidity Increases, Reaffirming BoM Breakeven Target for H2 2025

General

REE Automotive to Participate in 27th Annual Needham Growth Conference

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화요일(17일) 미국 주식 선물이 하락하고 있는 가운데, 오늘 투자자들의 주목을 받을 만한 주식들은 다음과 같다.
1. 워딩턴 엔터프라이즈 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>)
월요일 폐장 후 분기 실적을 발표할 워딩턴 엔터프라이즈의 주당순이익은 52센트, 매출은 2억 7,377만 달러로 예상된다. 주가는 시간외 거래에서 0.1% 하락한 38.64달러를 기록했다.
2. 컴퍼스 미네랄스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>)
월요일에 컴퍼스 미네랄스는 저조한 4분기 실적을 발표했따. 주가는 시간외 거래에서 7.3% 하락한 11.69달러를 기록했다.
3. 어플라이드 디지털 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>)
오늘 폐장 후 실적을 발표할 어플라이드 디지털의 분기 주당순손실은 34센트, 매출은 8만 9천 달러로 예상된다. 주가는 시간외 거래에서 0.2% 하락한 9.99달러에 거래되었다.
자세한 내용은 <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noopener">프리마켓 커버리지</a>를 확인하세요.
4. 레드캣 홀딩스 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>)
드론 기술 회사 레드캣은 월요일에 예상보다 저조한 2분기 재무결과를 발표했다. 2분기 매출이 153만 달러로 애널리스트 예상치인 413만 달러를 밑돌았다고 보고했다. 또한 2분기 손실이 주당 18센트로, 애널리스트 예상 손실인 8센트를 초과했다고 전했다. 주가는 시간외 거래에서 15.8% 하락한 8.80달러에 거래되었다.
5. 리 오토모티브 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>)
오늘 개장 전 실적을 발표하는 리 오토모티브의 분기 손실은 주당 1.01달러, 매출은 5만 달러로 예상된다. 주가는 시간외 거래에서 7.2% 상승한 11.77달러에 거래되었다.
Benzinga Pro의 독점 뉴스 및 도구로 수익률을 높이세요.
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

CNN 머니 공포·탐욕 지수가 전반적인 시장 심리가 개선되었음을 보여 주었다. 지수가 월요일에 &#8220;탐욕&#8221; 영역으로 이동했다.
미국 주식은 월요일에 혼조세로 마감되었으며, 다우존스 지수는 8거래일 연속 하락했다. 그러나 나스닥 지수는 거래 중 사상 최고치로 급등했다.
애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), 테슬라(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) 주식이 모두 월요일에 사상 최고가로 올랐다.
경제 지표에서는 뉴욕 엠파이어 스테이트 제조업 지수가 12월에 0.20으로 하락했다. 이는 이전 달의 31.2 대비 크게 하락한 것이고, 시장 예상치 12 대비해서도 대폭 낮은 수치다.
S&amp;P 글로벌 서비스 PMI는 12월에 58.5로 11월의 56.1보다 상승했다. 반면 S&amp;P 글로벌 제조업 PMI는 12월에 48.3으로 이전 달의 49.7보다 하락했다.
S&amp;P 500 대부분의 섹터는 부정적인 마감세를 보였으며 특히 소재, 에너지 및 헬스케어 섹터가 가장 크게 하락했다. 그러나 소비재 및 통신서비스 섹터는 전반적인 시장 추세와 달리 상승 마감했다.
다우존스 지수는 월요일에 110포인트 이상 하락하여 43,717.48포인트, S&amp;P 500 지수는 0.38% 상승하여 6,074.08포인트로 마감했다. 또한 나스닥 종합 지수는 1.24% 상승한 20,173.89포인트를 기록했다.
투자자들은 오늘 워딩턴 엔터프라이즈(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>), 어플라이드 디지털 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>), 리 오토모티브(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>)의 실적 발표를 기다리고 있다.
CNN 비즈니스 공포·탐욕 지수란?
공포·탐욕 지수는 현재 56.7로 월요일에 &#8220;탐욕&#8221; 역역으로 이동했다. 이전 수치는 49.9였다.
공포·탐욕 지수는 현재 시장 심리를 측정하는 지표다. 공포가 높을수록 주가에 압력을 가하고, 탐욕이 높을수록 주가를 상승시킨다는 전제를 바탕으로 한다. 이 지수는 동일한 가중치를 가진 7가지 지표를 기준으로 계산된다. 지수의 범위는 0에서 100까지이며 0은 최대 공포를, 100은 최대 탐욕을 나타낸다.
다른 트레이더들보다 30분 일찍 시장 움직임에 대한 독점 뉴스를 받아보세요.
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REE Automotive

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에 대한 최신 뉴스 REE Automotive (NASDAQ:REE) 주식

화요일, 12월 17, 2024

사람들이 또한 지켜본다

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