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As of close of business last night, Reddit Inc’s stock clocked out at $173.54, down -1.81% from its previous closing price of $176.74. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 2.59 million shares were traded. RDDT stock price reached its highest trading level at $176.53 during the session, while it also had its lowest trading level at $167.8.
Ratios:
To gain a deeper understanding of RDDT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 285.94. For the most recent quarter (mrq), Quick Ratio is recorded 11.96 and its Current Ratio is at 11.96. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $210.
On December 11, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $206.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 09, 2024, whereas the target price for the stock was revised from $70 to $200.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 23 ’24 when Slowe Christopher Brian sold 11,000 shares for $169.85 per share. The transaction valued at 1,868,375 led to the insider holds 324,837 shares of the business.
Slowe Christopher Brian sold 5,000 shares of RDDT for $849,120 on Dec 23 ’24. The Chief Technology Officer now owns 20,068 shares after completing the transaction at $169.82 per share. On Dec 16 ’24, another insider, Huffman Steve Ladd, who serves as the CEO & President of the company, sold 110,408 shares for $176.24 each. As a result, the insider received 19,457,765 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RDDT now has a Market Capitalization of 30469804032 and an Enterprise Value of 28751849472. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.66 while its Price-to-Book (P/B) ratio in mrq is 15.28. Its current Enterprise Value per Revenue stands at 25.62 whereas that against EBITDA is -48.307.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $182.20, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 29.20%, while the 200-Day Moving Average is calculated to be 122.96%.
Shares Statistics:
It appears that RDDT traded 6.66M shares on average per day over the past three months and 5185200 shares per day over the past ten days. A total of 116.91M shares are outstanding, with a floating share count of 103.41M. Insiders hold about 41.10% of the company’s shares, while institutions hold 39.08% stake in the company. Shares short for RDDT as of 1734048000 were 16180839 with a Short Ratio of 2.43, compared to 1731628800 on 8285697.
