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The closing price of Reddit Inc (NYSE: RDDT) was $132.06 for the day, up 3.37% from the previous closing price of $127.75. In other words, the price has increased by $3.37 from its previous closing price. On the day, 4.56 million shares were traded. RDDT stock price reached its highest trading level at $135.07 during the session, while it also had its lowest trading level at $128.8.
Ratios:
Our analysis of RDDT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 221.61. 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, Jefferies on October 09, 2024, initiated with a Buy rating and assigned the stock a target price of $90.
On September 20, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $75.
Loop Capital Upgraded its Hold to Buy on August 01, 2024, while the target price for the stock was maintained at $75.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 11 ’24 when Tencent Holdings Ltd sold 722,680 shares for $133.08 per share. The transaction valued at 96,171,528 led to the insider holds 10,014,317 shares of the business.
Tencent Holdings Ltd sold 460,954 shares of RDDT for $61,153,418 on Nov 13 ’24. The 10% Owner now owns 9,238,594 shares after completing the transaction at $132.67 per share. On Nov 12 ’24, another insider, Tencent Holdings Ltd, who serves as the 10% Owner of the company, sold 314,769 shares for $127.88 each. As a result, the insider received 40,251,271 and left with 9,699,548 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 22430126080 and an Enterprise Value of 21468864512. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.66 while its Price-to-Book (P/B) ratio in mrq is 11.63. Its current Enterprise Value per Revenue stands at 19.13 whereas that against EBITDA is -36.071.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $139.04, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 63.12%, while the 200-Day Moving Average is calculated to be 106.93%.
Shares Statistics:
RDDT traded an average of 5.40M shares per day over the past three months and 11499670 shares per day over the past ten days. A total of 175.58M shares are outstanding, with a floating share count of 93.72M. Insiders hold about 46.62% of the company’s shares, while institutions hold 19.07% stake in the company. Shares short for RDDT as of 1730332800 were 7752068 with a Short Ratio of 1.44, compared to 1727654400 on 7114271.
