Could Reed’s, Inc. (REED) Go Up After Achieving Yearly Low?

July 17, 2017 - By reb123z

The stock of Reed’s, Inc. (NYSEMKT:REED) hit a new 52-week low and has $1.51 target or 7.00 % below today’s $1.62 share price. The 7 months bearish chart indicates high risk for the $15.95M company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $1.51 price target is reached, the company will be worth $1.12M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 247,136 shares traded or 222.31% up from the average. Reed’s, Inc. (NYSEMKT:REED) has declined 15.36% since July 17, 2016 and is downtrending. It has underperformed by 32.06% the S&P500.

More notable recent Reed’s, Inc. (NYSEMKT:REED) news were published by: Seekingalpha.com which released: “Reed’s, Inc. – A Growth Story Bubbling Away” on February 17, 2017, also Reuters.com with their article: “BRIEF-Reed’s Inc announces 2016 financial results” published on April 24, 2017, Nasdaq.com published: “Reed’s, Inc. Announces Stefan Freeman as Interim CEO” on April 24, 2017. More interesting news about Reed’s, Inc. (NYSEMKT:REED) were released by: Globenewswire.com and their article: “Reed’s Provides Details for 2016 Earnings Call” published on April 20, 2017 as well as Globenewswire.com‘s news article titled: “Reed’s, Inc. to Discuss First Quarter 2017 Financial Results on Monday, May 15 …” with publication date: May 08, 2017.

Reed’s, Inc. develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The company has market cap of $15.95 million. The Firm makes, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. It currently has negative earnings. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products.

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