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American Rebel Holdings Inc. (AREB) stock has plummeted to a 52-week low, trading at just $0.16. With a market capitalization of merely $0.46 million and concerning gross profit margins of ~6%, this significant drop reflects a stark contrast to the company’s performance over the past year, with the stock experiencing a precipitous 1-year change of -93.91%. Investors have watched with concern as the stock struggled to maintain its value, ultimately reaching this low point. According to InvestingPro analysis, the RSI suggests the stock is in oversold territory, while the company’s weak financial health score and current ratio of 0.61 underscore the challenges faced by American Rebel Holdings. InvestingPro identifies 20 additional key factors affecting AREB’s performance - unlock these insights with a subscription.
In other recent news, American Rebel Holdings, Inc. reported revenues of $2.3 million for the third quarter of fiscal year 2024, and $9.6 million for the nine months ending September 30, 2024. This financial update follows the successful filing of their overdue Q3 report, allowing the company to regain compliance with NASDAQ’s filing requirements. American Rebel also announced the availability of their American Rebel Light Lager for online purchase in 40 U.S. states, expanding their presence in the beverage industry. This expansion is facilitated through a partnership with Bevstack, an e-commerce platform for adult beverages. CEO Andy Ross highlighted the convenience of this new sales channel, which allows the company to reach a broader audience. Additionally, American Rebel’s CFO, Darin Fielding, played a crucial role in achieving regulatory compliance, thanks to his extensive experience in auditing. The company continues to focus on its growth strategy, including the beverage sector, while maintaining its core operations in safes and personal security products. Further updates on business progress are expected from the CEO in the coming weeks.
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