U.S. markets closed

Reed's, Inc. (REED)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
Add to watchlist
0.9200+0.0100 (+1.10%)
At close: 4:00PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Previous Close0.9100
Open0.9100
Bid0.9200 x 2200
Ask0.9350 x 800
Day's Range0.8902 - 0.9500
52 Week Range0.5700 - 1.6800
Volume982,673
Avg. Volume2,708,063
Market Cap79.491M
Beta (5Y Monthly)1.22
PE Ratio (TTM)N/A
EPS (TTM)-0.1680
Earnings DateMay 17, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.50
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.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Handcrafted Beverage Leader, Reed’s Inc.®, Introduces New Range of Resealable Bottles
    GlobeNewswire

    Handcrafted Beverage Leader, Reed’s Inc.®, Introduces New Range of Resealable Bottles

    Reed’s® & Virgil’s™ Debut Resealable 20 oz. Bottles with National C-Store Partners Handcrafted Beverage Leader, Reed’s Inc.®, Introduces New Range of Resealable Bottles Reed’s® & Virgil’s™ Debut Resealable 20 oz. Bottles with National C-Store Partners NORWALK, Conn., May 11, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc.® (Nasdaq: REED), maker of the nation’s leading portfolio of handcrafted, all-natural beverages, announced packaging innovation via the launch of its first-ever resealable format in the company’s 30+ year history. Now available in proprietary 20 oz. resealable bottles, beverages from Reed’s®, America’s #1 ginger company, and Virgil’s™, the company’s line of handcrafted, all-natural sodas, bring healthier alternatives to consumers’ on-the-go. Made with only all-natural ingredients, the initial range of includes: Reed’s® REAL Ginger Ale™ Original: Crafted with real ginger and nothing artificial, it is the only ginger ale on the market made with 2,000 mg of fresh-pressed organic ginger.Virgil’s® Handcrafted Root Beer: Virgil’s Root Beer is expertly blended with anise, licorice, vanilla, cinnamon, nutmeg, wintergreen, clove and several other spices to deliver a rich and creamy taste without artificial preservatives.Virgil’s® Handcrafted Dr. Better®: A fan favorite, Dr. Better® is made using the finest natural ingredients, including tart cherry, sweet vanilla, and spicy cinnamon. This bold-flavored soda is crafted without GMOs or artificial preservatives. The introduction of the 100% recyclable bottles marks Reed’s® and Virgil’s™ breakthrough into convenience and drug store channels nationwide, as well as an expansion into new sections in the supermarket. The 20 oz. resealable bottles will be primarily be available at retailers in the refrigerated and single-serve aisles, allowing for more immediate consumption for consumers. “Launching our first resealable bottles marks a significant growth moment for Reed’s and Virgil’s as we enter new retail channels and increase our footprint at grocery stores nationwide,” said Norman E. Snyder, CEO of Reed’s, Inc.® “There is limited natural soda options that are available in c-store and convenience, and we have witnessed a demand from retailers and consumer alike for healthier and convenient alternatives. This innovation follows our tradition of bringing REAL, all-natural beverage options to our customers, and now with the versatile packaging, they have our better-for-you choices that can easily be enjoyed anywhere at any time.” The company’s entry into the resealable format also creates an infrastructure for accelerated growth opportunities across all channels. With the pandemic resulting in can and glass supply constraints for the category, the resealable 20 oz. bottles positions Reed’s Inc. for continued momentum and expansion with both in-store and online retailers. The new Reed’s® and Virgil’s™ resealable 20 oz. bottles are available at Kroger Supermarkets, select CVS Pharmacy locations and additional convenience and drug stores across the United States. Reed’s® REALLY REAL Ginger Ale™ and Virgil’s™ Handcrafted Sodas also newly retail online in the resealable 20 oz. bottles at the Reed’s Store. For more information about Reed's Inc., please visit the Reed's website and the Virgil’s website or call 800-99-REEDS. Follow Reed's on Reed’s Twitter, Reed’s Instagram, and Reed’s Facebook (@drinkreeds), and Virgil’s on Virgil’s Twitter, Virgil’s Instagram, and Virgil’s Facebook (@drinkvirgils). About Reed's, Inc.®Established in 1989, Reed's is America's number 1 name in Ginger and America’s best-selling Ginger Beer brand and innovator for decades. Virgil's is America's best-selling independent, full line of natural craft sodas. The Reed's® portfolio is sold in over 40,000 retail doors nationwide. Reed's core product line of Original, Premium, Extra and Strongest Craft Ginger Beers, along with the Certified Ketogenic Zero Sugar Extra Ginger Beer are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices. Reed’s recently introduced Reed’s Real Ginger Ale in both full and zero sugar versions that contain 2,000 mg of fresh ginger. The company uses this same handcrafted approach in its award-winning Virgil's™ line of great tasting, bold flavored craft sodas and Certified Ketogenic Zero Sugar Varieties. Media Contact: 5W Public Relations reeds@5wpr.com 212.999.5585 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/058d8ae9-bd78-4e32-8a21-6866f28b7480

  • Reed’s Inc. Announces Release Date of First Quarter 2021 Financial Results and Webcast
    GlobeNewswire

    Reed’s Inc. Announces Release Date of First Quarter 2021 Financial Results and Webcast

    NORWALK, Conn., May 07, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq: 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 first quarter ended March 31, 2021 after the market close on Monday, May 17, 2021. 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. This conference call can be accessed via a link on Reed's investor website at https://investor.reedsinc.com under the "Events & Presentations" section or directly at http://public.viavid.com/index.php?id=144910. To listen to the live call over the Internet, please go to Reed's website at least 15 minutes early to register, download and install any necessary audio software. Additionally, the call may be accessed with the toll free dial-in number, 1-877-300-8521 (U.S.); or 1-412-317-6026 (International). Please dial in at least five minutes before the start of the conference call. A replay of the webcast will be archived on the Company’s website under the “Investors” section at https://investor.reedsinc.com for approximately 90 days. About Reed’s, Inc.: Established in 1989, Reed's® is America's number 1 name in Ginger and America’s best-selling Ginger Beer brand and innovator for decades. Virgil's® is America's best-selling independent, full line of natural craft sodas. The Reed's® portfolio is sold in over 40,000 retail doors nationwide. Reed's core product line of Original, Premium, Extra and Strongest Craft Ginger Beers, along with the Certified Ketogenic Zero Sugar Extra Ginger Beer are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices. The company uses this same handcrafted approach in its Reed’s® Real Ginger Ale and award-winning Virgil's® line of great tasting, bold flavored craft sodas and Certified Ketogenic Zero Sugar Varieties. For more information about Reed’s, please visit the Company’s website at: https://drinkreeds.com/ or call 800-99-REEDS. Follow Reed’s on Twitter, Instagram, and Facebook @drinkreeds. For more information about Virgil’s, please visit Virgil’s website at: https://virgils.com/. Follow Virgil’s on Twitter and Instagram @drinkvirgils and on Facebook @drinkvirgilssoda. CONTACT: Investor RelationsReed Anderson, ICR(800) 997-3337 Ext 2Or (646) 277-1260 Email: ir@reedsinc.comwww.reedsinc.com

  • Reed’s Inc. Announces $7.9 Million Registered Direct Offering
    GlobeNewswire

    Reed’s Inc. Announces $7.9 Million Registered Direct Offering

    NORWALK, Conn., May 05, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that it has entered into a stock purchase agreement relating to a registered direct offering in which the Company would sell up to 6,680,000 shares of its common stock at a price of $1.18 per share for gross proceeds of approximately $7.9 million. Roth Capital Partners, served as sole placement agent for the transaction. After the placement agent fees and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $7.4 million. The offering is expected to close on May 7, 2021, subject to customary closing conditions. Reed’s intends to use the proceeds to fund working capital and for general corporate purposes, including supporting additional distribution opportunities as the Company continues executing against its strategic plan. The shares described above are being offered by Reed’s Inc. pursuant to a registration statement on Form S-3 (Registration No. 333-229105), previously filed with and subsequently declared effective by the Securities and Exchange Commission. A prospectus supplement and accompanying base prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Reed’s, Inc.: Established in 1989, Reed's is America's number 1 name in Ginger and America’s best-selling Ginger Beer brand and innovator for decades. Virgil's is America's best-selling independent, full line of natural craft sodas. The Reed's® portfolio is sold in over 40,000 retail doors nationwide. Reed's core product line of Original, Premium, Extra and Strongest Craft Ginger Beers, along with the Certified Ketogenic Zero Sugar Extra Ginger Beer are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices. Reed’s recently introduced Reed’s Real Ginger Ale in both full and zero sugar versions that contain 2,000 mg of fresh ginger. The company uses this same handcrafted approach in its award-winning Virgil's™ line of great tasting, bold flavored craft sodas and Certified Ketogenic Zero Sugar Varieties. Safe Harbor / Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed offering and the intended use of proceeds from the offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in our filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements. CONTACT: Investor RelationsReed Anderson, ICR(646) 277-1260 ir@reedsinc.com www.reedsinc.com