In yesterday’s Wall Street session, Reborn Coffee Inc. (NASDAQ:REBN) shares traded at $1.20, unchanged from the previous session.
REBN stock price is now 23.20% away from the 50-day moving average and -24.49% away from the 200-day moving average. The market capitalization of the company currently stands at $14.00M.
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A total of 75.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in REBN stock. A new stake in Reborn Coffee Inc. shares was purchased by JANE STREET GROUP, LLC during the first quarter worth $42,000. UBS GROUP AG invested $9,000 in shares of REBN during the first quarter. In the first quarter, ROYAL BANK OF CANADA acquired a new stake in Reborn Coffee Inc. valued at approximately $2,000. TOWER RESEARCH CAPITAL LLC (TRC) acquired a new stake in REBN for approximately $1,000. In total, there are 0 active investors with 0.40% ownership of the company’s stock.
On Monday morning Reborn Coffee Inc. (NASDAQ: REBN) stock kicked off with the opening price of $1.2400. During the past 12 months, Reborn Coffee Inc. has had a low of $0.73 and a high of $12.45. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.80, and a quick ratio of 4.70. The fifty day moving average price for REBN is $0.9741 and a two-hundred day moving average price translates $1.5893 for the stock.
The latest earnings results from Reborn Coffee Inc. (NASDAQ: REBN) was released for Jun, 2022. The company reported revenue of $0.84 million for the quarter, compared to $0.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.8 percent.
Reborn Coffee Inc.(REBN) Company Profile
Reborn Coffee, Inc. operates and franchises retail locations and kiosks that focus on serving specialty-roasted coffee in California. The company purchases, roasts, and sells coffee, tea and other beverages, and various food items. As of September 30, 2021, it operated 7 retail locations. Reborn Coffee, Inc. was founded in 2014 and is based in Brea, California.
