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As of close of business last night, Reddit Inc.’s stock clocked out at $54.92, down -1.13% from its previous closing price of $55.55. In other words, the price has decreased by -$1.13 from its previous closing price. On the day, 3.0 million shares were traded. RDDT stock price reached its highest trading level at $55.135 during the session, while it also had its lowest trading level at $53.9.
Ratios:
To gain a deeper understanding of RDDT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.42 and its Current Ratio is at 12.42. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On July 26, 2024, ROTH MKM reiterated its Buy rating and also lowered its target price recommendation from $61 to $67.
Loop Capital Downgraded its Buy to Hold on July 16, 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 Aug 12 ’24 when Gale Mary Porter sold 30,000 shares for $52.31 per share. The transaction valued at 1,569,253 led to the insider holds 71,459 shares of the business.
Gale Mary Porter sold 20,000 shares of RDDT for $1,069,644 on Aug 13 ’24. The Director now owns 51,459 shares after completing the transaction at $53.48 per share. On Aug 09 ’24, another insider, Gale Mary Porter, who serves as the Director of the company, sold 15,000 shares for $52.73 each. As a result, the insider received 790,936 and left with 101,459 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 9109909504 and an Enterprise Value of 7438986752. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.28 while its Price-to-Book (P/B) ratio in mrq is 4.80. Its current Enterprise Value per Revenue stands at 7.58 whereas that against EBITDA is -11.954.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $78.08, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is -12.25%, while the 200-Day Moving Average is calculated to be -2.38%.
Shares Statistics:
It appears that RDDT traded 3.49M shares on average per day over the past three months and 5659880 shares per day over the past ten days. A total of 165.88M shares are outstanding, with a floating share count of 64.99M. Insiders hold about 60.81% of the company’s shares, while institutions hold 18.09% stake in the company. Shares short for RDDT as of 1722384000 were 7030880 with a Short Ratio of 2.24, compared to 1719532800 on 8433346.
