Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Reddit Inc (NYSE: RDDT) closed at $167.17 in the last session, up 2.71% from day before closing price of $162.76. In other words, the price has increased by $2.71 from its previous closing price. On the day, 16.61 million shares were traded. RDDT stock price reached its highest trading level at $180.74 during the session, while it also had its lowest trading level at $157.245.
Ratios:
We take a closer look at RDDT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 298.25. 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 the company, Morgan Stanley on Dec-10-24, Upgraded its rating to Overweight and sets its target price to $200 from $70 previously.
On October 09, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $90.
On September 20, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $75.B. Riley Securities initiated its Buy rating on September 20, 2024, with a $75 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 29 ’24 when Huffman Steve Ladd sold 14,000 shares for $141.79 per share. The transaction valued at 1,985,092 led to the insider holds 634,971 shares of the business.
Vollero Andrew sold 19,838 shares of RDDT for $2,841,286 on Nov 25 ’24. The Chief Financial Officer now owns 703,615 shares after completing the transaction at $143.22 per share. On Nov 25 ’24, another insider, ANDREW VOLLERO, who serves as the Officer of the company, bought 19,838 shares for $146.67 each.
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 29351374848 and an Enterprise Value of 27633416192. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.81 while its Price-to-Book (P/B) ratio in mrq is 14.72. Its current Enterprise Value per Revenue stands at 24.623 whereas that against EBITDA is -46.428.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $163.72, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 53.60%, while the 200-Day Moving Average is calculated to be 134.38%.
Shares Statistics:
According to the various share statistics, RDDT traded on average about 6.14M shares per day over the past 3-months and 7059660 shares per day over the past 10 days. A total of 116.91M shares are outstanding, with a floating share count of 99.34M. Insiders hold about 43.42% of the company’s shares, while institutions hold 39.08% stake in the company. Shares short for RDDT as of 1731628800 were 7752068 with a Short Ratio of 1.35, compared to 1728950400 on 7203385.
