REED - Reed's, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.8747
+0.0097 (+1.12%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.8650
Open0.8704
Bid0.8541 x 800
Ask0.8800 x 4000
Day's Range0.8560 - 0.9000
52 Week Range0.3600 - 3.6500
Volume192,167
Avg. Volume756,101
Market Cap55.044M
Beta (5Y Monthly)1.71
PE Ratio (TTM)N/A
EPS (TTM)-0.3890
Earnings DateMay 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.25
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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Overvalued
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  • Thomson Reuters StreetEvents

    Edited Transcript of REED.OQ earnings conference call or presentation 11-May-20 8:30pm GMT

    Q1 2020 Reed's Inc Earnings Call

  • GlobeNewswire

    Reed’s Inc. Launches Ultimate Ready-to-Drink Mule With A Real Ginger Kick

    Shaking up the RTD beverage category with a sugar-free, keto-friendly take on the trendy cocktail, Reed’s® Zero Sugar Classic Mule is packed with REAL, fresh ginger root and made through a unique handcrafted brewing and fermentation process. Hitting shelves just in time for summer adventures, the new Zero Sugar Classic Mule contains 7% alcohol, and a light-spice flavor profile with no artificial colors, gluten, GMOs or caffeine. “At Reed’s Inc. we’re dedicated to bringing the real ginger experience to consumers nationwide, and the launch of our Zero Sugar Classic Mule is the next step in providing an all-natural, handcrafted ginger beverage for adults seeking classic alternative beverages,” shared Norman Snyder, CEO of Reed’s Inc. “Our signature Reed’s® Ginger Beer mixes perfectly for a flavorful mule, and now we’re making it easier than ever to enjoy the refreshing cocktail combination in a convenient format that contains only real, quality ingredients.”

  • Hedge Funds Have Never Been This Bullish On Reed’s, Inc. (REED)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Reed’s, Inc. (REED)

    In this article we will take a look at whether hedge funds think Reed's, Inc. (NASDAQ:REED) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]

  • Brown-Forman Creates Two International Units to Unlock Value
    Zacks

    Brown-Forman Creates Two International Units to Unlock Value

    Brown-Forman (BF.B) splits its international business into two parts for releasing the growth potential of markets, brands and people.

  • Implied Volatility Surging for Reed's (REED) Stock Options
    Zacks

    Implied Volatility Surging for Reed's (REED) Stock Options

    Investors need to pay close attention to Reed's (REED) stock based on the movements in the options market lately.

  • 3 “Strong Buy” Penny Stocks That Could Go Boom
    TipRanks

    3 “Strong Buy” Penny Stocks That Could Go Boom

    Penny stocks are controversial, to say the least. When it comes to these under $5 per share investment opportunities, Wall Street observers usually either love them or hate them. The penny stock-averse point out that while the bargain price tag is tempting, there could be a reason shares are trading at such low levels like poor fundamentals or insurmountable headwinds.However, the other side of the coin has merit as well. Naturally, with these cheap tickers, you get more bang for your buck in terms of the amount of shares. On top of this, other more expensive and well-known names aren’t as likely to produce the colossal gains that penny stocks are capable of.Given the nature of these investments, Wall Street analysts recommend doing some due diligence before pulling the trigger, noting that not all penny stocks are bound for greatness.With this in mind, we set out our own search for compelling investments that are set to boom. Using TipRanks’ database, we pulled three penny stocks that have amassed enough analyst support to earn a “Strong Buy” consensus rating. Adding to the good news, each pick boasts over 125% upside potential. Hyrecar, Inc. (HYRE)We all know about the gig economy, which turned the world of freelance work upside down by using the internet to connect people with skills to jobs that needed doing. And we all know how Airbnb used a similar model in the world of short-term lodging. Hyrecar brings the online sharing model to the automotive sector, allowing vehicle owners to rent out their cars short-term, even hourly; car owners can use their cars to make money during downtime, while car renters get the convenience of a vehicle right when they need it.Where many companies saw steep revenue drops in Q1, Hyrecar’s top line was healthy. Revenues grew 20% sequentially and 65% year-over-year, to reach $5.8 million. While EPS was negative, showing a 25 cent per share net loss, that was a 19% improvement from Q4’s 31-cent net loss. The solid revenue number and the EPS improvement were based on a 16% increase in rental days from Q4 to Q1.At $2.25, several analysts argue that now is the time to snap up shares. Ladenburg analyst Jon Hickman puts Hyrecar into the context of recent events, and likes the fit he sees: “Prior to early March, the company hit a weekly rental day high of more than 20,000 as vehicle supply continued to climb in line with the success of the Fleet initiative. In the days that followed (as the country shut down) through early April, weekly rental days fell to a level of 14,000, but have since begun to recover as the company focused its drivers on delivery opportunities… the company's concerted effort to help drivers sign up with such services as Door Dash, Instacart, and other delivery services (food and packages) has resulted in a notable uptick in weekly rental days, which is now trending toward 18,000.”Believing that HYRE’s best days are in front, and that the company will see continued growth into 2021, Hickman puts a Buy rating on the stock. His $5.25 price target suggests a one-year upside potential of 133%. (To watch Hickman’s track record, click here)Overall, Wall Street agrees that HYRE is a stock to buy. The Strong Buy analyst consensus is unanimous, based on 4 recent positive reviews, while the average price target, of $5.94, is actually more bullish than Hickman’s, implying a 171% upside potential in the coming year. (See Hyrecar stock analysis on TipRanks)Genco Shipping, Inc. (GNK)Next up is a small-cap shipping company, Genco. The company boasts a market cap of $207 million, along with a major asset: a modern fleet of dry bulk carriers. These ships, varying in size from 34,000-ton Handysize freighters to the giant 175,000+ ton Capemax vessels, are wholly owned and modern, with a majority of the fleet build in the past decade. Genco transports essential dry bulk cargoes such as coal, grain, iron ore, and steel around the world.The coronavirus pandemic, with its heavy impact on trade and travel, hit Genco hard in Q1. The company saw earnings plummet, and EPS registered a 17-cent loss per share in the first quarter, a sharp turn from Q4’s 7-cent profit. At the same time, the company was able to continue streamlining its operations, including selling off three of its least profitable vessels, and took action to improve its cash position. Genco finished the quarter with $134.3 million in unrestricted cash on hand, and is negotiating a further $25 million in collateralized credit from its main lenders.Despite the recent struggles, one analyst argues that the $4.94 price tag is a solid deal for investors.Writing on GNK stock for Evercore ISI, Jonathan Chappell said, “GNK still retains the strongest balance sheet in the dry bulk industry… GNK should be able to build upon its cash balance, enabling it to return to the prior dividend run rate once there is more clarity on the global economic backdrop and the timing on an eventual dry bulk market recovery, while its liquidity could also render it as the market consolidator if other less-well-capitalized owners fall victim to a prolonged global recession.”Chappell's numbers are upbeat, too. The $9 price target suggests a robust 82% upside potential, and fully supports his Buy rating on the stock. (To watch Chappell’s track record, click here)Chappell's bullish stance on Genco Shipping is in line with Wall Street’s view. GNK has a Strong Buy consensus rating, based on 4 Buy ratings and single Hold set in recent weeks. Meanwhile, the average price target of $10.80 leaves a room for nearly 119% upside from current levels. (See Genco stock analysis on TipRanks)Reed’s, Inc. (REED)Reed’s, a small cap company in the craft soda markets, is best known for its ginger ale and ginger beer products. The company’s eponymous brand and product line also extends to zero-sugar sodas and ginger candy. It’s a small niche, but one with a clear path forward: Reed’s reported a 13% year-over-year sales increase in Q1 2020. That sales increase translated into a $9.5 million top line. While EPS has been showing let losses for the past two years, those losses bottomed in Q3 2019; the Q1 number, a loss of 5 cents per share, represented the smallest loss in 9 quarters, and a 44% sequential improvement. Looking forward, the quarterly loss is expected to narrow further, to just 3 cents per share, in Q2. The positive outlook is buoyed by the 21% volume growth of the core Reed’s Ginger Ale brand in Q1.At only $0.68 per share, some members of the Street see an attractive entry point.Maxim analyst Anthony Vendetti writes of REED, “…the COVID-19 pandemic has resulted in some slight reset delays, it has also generated robust supermarket trends, creating increased demand for REED products in grocery stores. The company continues to expand its distribution network and has increased its manufacturing capacity… REED continues to enhance its supply chain, only experiencing minimal disruptions due to COVID-19.”Overall, based on "REED’s differentiated product offerings and continued progress," Vendetti stays with the bulls. That solid position underlies Vendetti’s Buy rating, while his $2 price target implies a whopping 194% upside potential for the year ahead. (To watch Vendetti’s track record, click here)Like the other stocks in this article, REED has a Strong Buy consensus – and it is based on 3 Buy ratings given in the past 3 months. The shares have an average price target of $2.33, suggesting a 243% upside from current levels. (See Genco stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Reeds (REED) Reports Q1 Loss, Tops Revenue Estimates
    Zacks

    Reeds (REED) Reports Q1 Loss, Tops Revenue Estimates

    Reeds (REED) delivered earnings and revenue surprises of 0.00% and 7.97%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Reed’s, Inc. Announces First Quarter 2020 Financial Results

    Net sales increased 13% Core brand gross sales increased 12% Reaffirms fiscal 2020 outlook NORWALK, Conn., May 11, 2020 -- Reed’s Inc. (Nasdaq:REED), owner of the nation’s.

  • GlobeNewswire

    Reed’s Inc. Announces Release Date of First Quarter 2020 Financial Results and Webcast

    Following the release, members of Reed’s, Inc. senior management team will host a conference call with financial analysts and investors at 4:30 p.m. Eastern Time. Reed's Ginger Beers are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices.

  • GlobeNewswire

    Reed’s, Inc. Provides Preliminary First Quarter 2020 Results and Reiterates Fiscal 2020 Annual Guidance

    First Quarter 2020 Net Sales are Expected to Increase 4.2% to 6.5% YOY First Quarter Modified EBITDA Estimated to Improve to Between ($1.8) to Million ($1.6) Million Compared.

  • GlobeNewswire

    Reed’s Inc. Prices Underwritten Public Offering of Common Stock

    Reed’s has also granted to the underwriter a 45-day option to purchase an additional 2,000,000 shares of common stock to cover overallotments in connection with the offering. Roth Capital Partners is acting as the sole manager for the offering. A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the "SEC") and is effective.

  • GlobeNewswire

    Reed’s Inc.® Launches Really, Really, Really Real Ginger Ale™

    Reed’s® Real Ginger Ale™ is available in two crisp, clean, classic varieties: Original and Zero Sugar Original. In its place is Reed’s proprietary all-natural sweetener blend that gives this zero sugar alternative the same classic crisp taste as the cane sugar version. Ginger Ale has long been an American favorite; however, most mainstream ginger ales contain almost no real ginger.

  • GlobeNewswire

    Reed’s Inc. Announces Proposed Public Offering of Common Stock

    Reed’s also expects to grant to the underwriters of the offering a 45-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. Roth Capital Partners is acting as the sole manager for the offering. A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the "SEC") and is effective.

  • Thomson Reuters StreetEvents

    Edited Transcript of REED earnings conference call or presentation 13-Nov-19 9:30pm GMT

    Q3 2019 Reed's Inc Earnings Call

  • Thomson Reuters StreetEvents

    Edited Transcript of REED earnings conference call or presentation 12-Mar-20 8:30pm GMT

    Q4 2019 Reed's Inc Earnings Call

  • Does Reed's, Inc. (NASDAQ:REED) Have A High Beta?
    Simply Wall St.

    Does Reed's, Inc. (NASDAQ:REED) Have A High Beta?

    Anyone researching Reed's, Inc. (NASDAQ:REED) might want to consider the historical volatility of the share price...

  • GlobeNewswire

    Reed’s, Inc. Announces Fourth Quarter and Full Year 2019 Financial Results

    Core brand gross sales increased 9% in Fiscal 2019 First production of Reed’s Really Real Ginger Ale began today NORWALK, Conn., March 12, 2020 -- Reed’s Inc. (Nasdaq:REED),.

  • ACCESSWIRE

    Reed's, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 12, 2020 / Reed's, Inc. (NASDAQ:REED) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 12, 2020 at 4:30 PM Eastern ...

  • GlobeNewswire

    Reed’s Inc. Announces Release Date of Fourth Quarter and Full Year 2019 Financial Results and Webcast

    Reed’s Inc. (REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that it intends to issue its financial results for the fourth quarter and full year ended December 31, 2019 after the market close on Thursday, March 12, 2020. Following the release, members of Reed’s, Inc. senior management team will host a conference call with financial analysts and investors at 4:30 p.m. Eastern Time.

  • GlobeNewswire

    Reed’s Inc. Appoints Norman E. Snyder, Jr. as Chief Executive Officer

    Reed’s Inc. (REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced the appointment of Norman E. Snyder, Jr., currently Chief Operating Officer, as Reed’s Chief Executive Officer effective March 1, 2020.

  • GlobeNewswire

    Reed’s Launches Wellness Ginger Shots

    Reed’s Inc.® (REED), America’s #1 name in ginger, has launched Reed’s Wellness Shots®. Each variety is packed with fresh organic ginger and shelf stable so you can get your daily dose of powerful ginger every-time, anywhere. Ginger is a powerful superfood used for centuries for its many functional benefits.

  • Some Reed's (NASDAQ:REED) Shareholders Have Taken A Painful 81% Share Price Drop
    Simply Wall St.

    Some Reed's (NASDAQ:REED) Shareholders Have Taken A Painful 81% Share Price Drop

    Reed's, Inc. (NASDAQ:REED) shareholders will doubtless be very grateful to see the share price up 37% in the last...

  • Reed's Named The Official Ginger Beer Of Famed Rose Bowl Stadium
    PR Newswire

    Reed's Named The Official Ginger Beer Of Famed Rose Bowl Stadium

    Reed's, Inc. (NASDAQ American: REED), America's 1 ginger beer brand, today announced it is the "Official Ginger Beer" of the Rose Bowl Stadium. Made with 100% real ginger – and lots of it – the authentically refreshing drink will be available at all Rose Bowl Stadium events, including the big game on New Year's Day. Reed's Ginger Beer will also now be an on-campus staple at UCLA which is home to nearly 45,000 undergraduate and graduate students.

  • GlobeNewswire

    Reed’s Inc. Appoints Thomas J. Spisak as Chief Financial Officer

    Mr. Spisak brings to Reed’s nearly 30 years of experience providing financial and accounting leadership, including extensive expertise over a broad range of finance functions during his 26 year tenure in the North America region of Diageo, a multinational alcoholic beverage company with net sales over UK £12.9 billion (U.S. $16 billion). Mr. Spisak held numerous positions in multiple divisions of Diageo, most recently serving as Vice President of Finance and Controller of North America. Prior to Diageo, Mr. Spisak served at International Masters Publishers, Inc., a private company with publishing activities in 35 countries.

  • Is Reed’s, Inc. (REED) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Reed’s, Inc. (REED) Going To Burn These Hedge Funds ?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]