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Reddit Inc. (NYSE: RDDT) closed the day trading at $52.51 down -0.76% from the previous closing price of $52.91. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 3.39 million shares were traded. RDDT stock price reached its highest trading level at $52.97 during the session, while it also had its lowest trading level at $50.8.
Ratios:
For a better understanding of RDDT, let’s look at its different ratios. 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.
On July 26, 2024, ROTH MKM reiterated its Buy rating and also lowered its target price recommendation from $61 to $67.
Loop Capital Downgraded its Buy to Hold on July 16, 2024, while the target price for the stock was maintained at $75.
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 Aug 09 ’24 when MARY PORTER GALE bought 65,000 shares for $52.73 per share.
Vollero Andrew sold 50,580 shares of RDDT for $2,981,352 on May 23 ’24. The Chief Financial Officer now owns 631,080 shares after completing the transaction at $58.94 per share. On May 23 ’24, another insider, Huffman Steve Ladd, who serves as the CEO & President of the company, sold 42,299 shares for $58.94 each. As a result, the insider received 2,493,243 and left with 689,157 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 8776520704 and an Enterprise Value of 7039225344. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.90 while its Price-to-Book (P/B) ratio in mrq is 4.59. Its current Enterprise Value per Revenue stands at 7.173 whereas that against EBITDA is -11.311.
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 -16.19%, while the 200-Day Moving Average is calculated to be -6.79%.
Shares Statistics:
Over the past 3-months, RDDT traded about 3.63M shares per day on average, while over the past 10 days, RDDT traded about 5054080 shares per day. A total of 44.29M shares are outstanding, with a floating share count of 30.43M. Insiders hold about 79.39% of the company’s shares, while institutions hold 14.90% stake in the company. Shares short for RDDT as of 1721001600 were 7030880 with a Short Ratio of 2.15, compared to 1718323200 on 6986130.
Earnings Estimates
A comprehensive evaluation of Reddit Inc. (RDDT) is underway, with the input of 11.0 analysts contributing to its current rating.The consensus estimate for the next quarter is -$0.03, with high estimates of $0.11 and low estimates of -$0.21.
Analysts are recommending an EPS of between -$3.71 and -$8.37 for the fiscal current year, implying an average EPS of -$5.47. EPS for the following year is -$0.19, with 12.0 analysts recommending between $0.26 and -$1.18.
Revenue Estimates
13 analysts predict $303.41M in revenue for the current quarter. It ranges from a high estimate of $317.1M to a low estimate of $258M. As of the current estimate, Reddit Inc.’s year-ago sales were $nanFor the next quarter, 13 analysts are estimating revenue of $346.97M. There is a high estimate of $366.09M for the next quarter, whereas the lowest estimate is $302M.
A total of 14 analysts have provided revenue estimates for RDDT’s current fiscal year. The highest revenue estimate was $1.21B, while the lowest revenue estimate was $1.05B, resulting in an average revenue estimate of $1.17B. In the same quarter a year ago, actual revenue was $nanBased on 14 analysts’ estimates, the company’s revenue will be $1.43B in the next fiscal year. The high estimate is $1.51B and the low estimate is $1.21B.
