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Reed’s ( (REED) ) has issued an announcement.
Reed’s, Inc. announced the reassignment of its Chief Accounting Officer, Joann Tinnelly, with her duties being redistributed among other personnel, while Doug McCurdy, the Chief Financial Officer, will take on the role of principal accounting officer starting July 7, 2025. Additionally, on July 1, 2025, Reed’s, Inc. settled a previous engagement with an investment bank by agreeing to pay a total of $1.6 million, ensuring a mutual release and waiver from any liabilities or obligations under the prior agreement.
The most recent analyst rating on (REED) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Reed’s stock, see the REED Stock Forecast page.
Spark’s Take on REED Stock
According to Spark, TipRanks’ AI Analyst, REED is a Neutral.
Reed’s overall stock score of 51 is primarily driven by ongoing financial challenges and a negative valuation. However, recent corporate events and operational improvements provide some positive outlook, mitigating concerns from technical analysis and earnings call insights.
To see Spark’s full report on REED stock, click here.
More about Reed’s
Average Trading Volume: 9,564
Technical Sentiment Signal: Strong Sell
Current Market Cap: $48.6M
For a thorough assessment of REED stock, go to TipRanks’ Stock Analysis page.