American Rebel stock hits 52-week low at $0.85 amid market challenges

American Rebel Holdings Inc. (AREB) stock has touched a 52-week low, dipping to $0.85, as the company faces a tumultuous market environment. According to InvestingPro data, the stock’s technical indicators suggest oversold conditions, while the company’s financial health score remains weak at 1.28 out of 5. This latest price level reflects a significant downturn over the past year, with the stock experiencing a sharp decline of -67.65% from its value a year ago. Investors are closely monitoring the stock as it struggles to regain momentum in a challenging economic landscape, marked by concerning metrics such as a negative EBITDA of -$10.37M and rapid cash burn. The 52-week low serves as a critical indicator for shareholders and potential investors, who are now assessing American Rebel Holdings’ financial health and future prospects. Unlock 18 additional key insights and detailed financial analysis with InvestingPro, including exclusive Fair Value assessments and growth projections.

In other recent news, American Rebel Holdings, Inc. has successfully filed its overdue Q3 financial report for FY2024, reporting revenues of $2.3 million for the quarter and $9.6 million for the nine months ending September 30, 2024. This filing allowed the company to regain compliance with NASDAQ’s periodic filing requirements after receiving a notice of non-compliance due to the delayed report. The delay was attributed to the dismissal of its former auditor, BF Borgers CPA PC, and the subsequent engagement of GBQ Partners LLC to complete reaudits. In a strategic move, American Rebel has expanded into the beverage industry with the launch of American Rebel Light Lager, now available online in 40 states through a partnership with Bevstack. This diversification complements its existing operations in safes and personal security products. CEO Andy Ross acknowledged the efforts of the accounting teams and highlighted the role of Darin Fielding, CFO of subsidiary Champion Safe Co., in achieving regulatory compliance. The company plans to update shareholders on business progress, including the growth of its beverage unit.

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