Investor’s Toolkit: Key Ratios for Assessing Reddit Inc. (RDDT)’s Performance

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Reddit Inc. (NYSE: RDDT) closed the day trading at $63.46 up 5.64% from the previous closing price of $60.07. In other words, the price has increased by $5.64 from its previous closing price. On the day, 3.32 million shares were traded. RDDT stock price reached its highest trading level at $63.57 during the session, while it also had its lowest trading level at $58.38.


For a better understanding of RDDT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.27 and its Current Ratio is at 12.27. 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, Needham on May 08, 2024, Reiterated its Buy rating but revised its target price to $63 from $55 previously.

On April 16, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $50.

On April 16, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $46.BofA Securities initiated its Neutral rating on April 16, 2024, with a $46 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 23 ’24 when Vollero Andrew sold 50,580 shares for $58.94 per share. The transaction valued at 2,981,352 led to the insider holds 631,080 shares of the business.

Huffman Steve Ladd sold 42,299 shares of RDDT for $2,493,243 on May 23 ’24. The CEO & President now owns 689,157 shares after completing the transaction at $58.94 per share. On May 23 ’24, another insider, Wong Jennifer L., who serves as the Chief Operating Officer of the company, sold 40,139 shares for $58.94 each. As a result, the insider received 2,365,925 and left with 1,600,628 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 9822021632 and an Enterprise Value of 8731165696. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.75 while its Price-to-Book (P/B) ratio in mrq is 5.64. Its current Enterprise Value per Revenue stands at 9.885 whereas that against EBITDA is -13.543.

Stock Price History:

Over the past 52 weeks, RDDT has reached a high of $74.90, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 26.26%, while the 200-Day Moving Average is calculated to be 26.00%.

Shares Statistics:

Over the past 3-months, RDDT traded about 6.40M shares per day on average, while over the past 10 days, RDDT traded about 2427260 shares per day. A total of 44.29M shares are outstanding, with a floating share count of 28.69M. Insiders hold about 82.45% of the company’s shares, while institutions hold 11.76% stake in the company. Shares short for RDDT as of 1715731200 were 4899473 with a Short Ratio of 0.77, compared to 1713139200 on 2877590.

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