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As of close of business last night, Reddit Inc’s stock clocked out at $122.57, up 12.42% from its previous closing price of $109.03. In other words, the price has increased by $12.42 from its previous closing price. On the day, 10.57 million shares were traded. RDDT stock price reached its highest trading level at $122.6599 during the session, while it also had its lowest trading level at $110.36.
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 12.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 207.32. 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, Jefferies on October 09, 2024, initiated with a Buy rating and assigned the stock a target price of $90.
On September 20, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $75.
Loop Capital Upgraded its Hold to Buy on August 01, 2024, while the target price for the stock was maintained at $75.
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 Nov 01 ’24 when Gale Mary Porter sold 5,000 shares for $114.40 per share. The transaction valued at 572,000 led to the insider holds 46,459 shares of the business.
Huffman Steve Ladd sold 14,000 shares of RDDT for $1,583,878 on Nov 01 ’24. The CEO & President now owns 651,775 shares after completing the transaction at $113.13 per share. On Nov 01 ’24, another insider, Seibel Michael, who serves as the Director of the company, sold 50,000 shares for $111.27 each. As a result, the insider received 5,563,484 and left with 5,128 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 19143350272 and an Enterprise Value of 19802626048. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.33 while its Price-to-Book (P/B) ratio in mrq is 10.79. Its current Enterprise Value per Revenue stands at 17.645 whereas that against EBITDA is -33.271.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $123.60, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 69.30%, while the 200-Day Moving Average is calculated to be 99.81%.
Shares Statistics:
It appears that RDDT traded 5.40M shares on average per day over the past three months and 10726020 shares per day over the past ten days. A total of 152.20M shares are outstanding, with a floating share count of 74.35M. Insiders hold about 51.15% of the company’s shares, while institutions hold 20.29% stake in the company. Shares short for RDDT as of 1728950400 were 7114271 with a Short Ratio of 1.33, compared to 1726185600 on 5229594.
