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The price of Reddit Inc. (NYSE: RDDT) closed at $65.92 in the last session, down -1.73% from day before closing price of $67.08. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 3.42 million shares were traded. RDDT stock price reached its highest trading level at $67.81 during the session, while it also had its lowest trading level at $65.32.
Ratios:
We take a closer look at RDDT’s different ratios to gain a better understanding of the stock. 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.
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, B. Riley Securities on September 20, 2024, initiated with a Buy rating and assigned the stock a target price of $75.
On August 01, 2024, Loop Capital Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $75.
ROTH MKM reiterated its Buy rating for the stock on July 26, 2024, while the target price for the stock was revised from $61 to $67.
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 Sep 23 ’24 when Slowe Christopher Brian sold 11,000 shares for $65.56 per share. The transaction valued at 721,165 led to the insider holds 339,295 shares of the business.
Slowe Christopher Brian sold 5,000 shares of RDDT for $328,016 on Sep 23 ’24. The Chief Technology Officer now owns 35,068 shares after completing the transaction at $65.60 per share. On Sep 19 ’24, another insider, Wong Jennifer L., who serves as the Chief Operating Officer of the company, sold 50,000 shares for $65.01 each. As a result, the insider received 3,250,500 and left with 1,542,457 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 10934545408 and an Enterprise Value of 9263623168. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.14 while its Price-to-Book (P/B) ratio in mrq is 5.77. Its current Enterprise Value per Revenue stands at 9.439 whereas that against EBITDA is -14.886.
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 10.89%, while the 200-Day Moving Average is calculated to be 15.41%.
Shares Statistics:
According to the various share statistics, RDDT traded on average about 3.82M shares per day over the past 3-months and 4633930 shares per day over the past 10 days. A total of 165.88M shares are outstanding, with a floating share count of 74.34M. Insiders hold about 55.18% of the company’s shares, while institutions hold 17.93% stake in the company. Shares short for RDDT as of 1726185600 were 5229594 with a Short Ratio of 1.37, compared to 1723680000 on 7111420.
