REE Automotive ( (REE) ) has released a notification of late filing.
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REE Automotive Ltd. has announced a delay in filing its Annual Report on Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the need for additional time to finalize financial statements and related disclosures, as well as to complete internal discussions and approvals. The company expects to file the report within the 15-day extension period allowed by Rule 12b-25. There are no anticipated significant changes in financial results from the previous year, and the company has included cautionary notes regarding forward-looking statements. REE Automotive is committed to ongoing compliance efforts, as evidenced by the notification signed by Avital Futterman, the General Counsel.
Spark’s Take on REE Stock
According to Spark, TipRanks’ AI Analyst, REE is a Neutral.
The overall stock score for REE Automotive is challenged primarily by its financial performance, reflecting ongoing losses and cash flow difficulties. However, positives from the earnings call, like increased reservation value and production commencement, provide some optimism. Technical analysis shows mixed signals, while valuation remains unattractive due to a negative P/E ratio.
To see Spark’s full report on REE stock, click here.
More about REE Automotive
YTD Price Performance: -70.56%
Average Trading Volume: 119,538
Technical Sentiment Signal: Buy
Current Market Cap: $83.34M
See more data about REE stock on TipRanks’ Stock Analysis page.