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The price of Reddit Inc (NYSE: RDDT) closed at $168.61 in the last session, down -1.23% from day before closing price of $170.71. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 3.72 million shares were traded. RDDT stock price reached its highest trading level at $173.82 during the session, while it also had its lowest trading level at $166.3731.
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 17.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 295.02. 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:
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 Dec 16 ’24 when Huffman Steve Ladd sold 110,408 shares for $176.24 per share. The transaction valued at 19,457,765 led to the insider holds 0 shares of the business.
Huffman Steve Ladd sold 14,000 shares of RDDT for $2,466,810 on Dec 16 ’24. The CEO & President now owns 620,971 shares after completing the transaction at $176.20 per share. On Dec 16 ’24, another insider, Wong Jennifer L., who serves as the Chief Operating Officer of the company, sold 33,333 shares for $176.23 each. As a result, the insider received 5,874,438 and left with 1,504,297 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 29604206592 and an Enterprise Value of 28254963712. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.51 while its Price-to-Book (P/B) ratio in mrq is 14.85. Its current Enterprise Value per Revenue stands at 25.177 whereas that against EBITDA is -47.472.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $180.74, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 31.41%, while the 200-Day Moving Average is calculated to be 120.98%.
Shares Statistics:
According to the various share statistics, RDDT traded on average about 6.69M shares per day over the past 3-months and 7859370 shares per day over the past 10 days. A total of 116.91M shares are outstanding, with a floating share count of 103.56M. Insiders hold about 41.02% of the company’s shares, while institutions hold 39.08% stake in the company. Shares short for RDDT as of 1732838400 were 14220941 with a Short Ratio of 2.13, compared to 1730332800 on 7752068.
