Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, Reddit Inc’s stock clocked out at $168.79, down -5.23% from its previous closing price of $178.10. In other words, the price has decreased by -$5.23 from its previous closing price. On the day, 6.88 million shares were traded. RDDT stock price reached its highest trading level at $177.57 during the session, while it also had its lowest trading level at $167.32.
Ratios:
To gain a deeper understanding of RDDT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 283.24. 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, Wells Fargo on December 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $206.
On December 09, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $70 to $200.
On October 09, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $90.Jefferies initiated its Buy rating on October 09, 2024, with a $90 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 16 ’24 when JENNIFER WONG bought 100,000 shares for $172.65 per share.
Huffman Steve Ladd sold 14,000 shares of RDDT for $1,985,092 on Nov 29 ’24. The CEO & President now owns 634,971 shares after completing the transaction at $141.79 per share. On Nov 25 ’24, another insider, Vollero Andrew, who serves as the Chief Financial Officer of the company, sold 19,838 shares for $143.22 each. As a result, the insider received 2,841,286 and left with 703,615 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 29635809280 and an Enterprise Value of 27917852672. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.41 while its Price-to-Book (P/B) ratio in mrq is 14.86. Its current Enterprise Value per Revenue stands at 24.877 whereas that against EBITDA is -46.906.
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 39.80%, while the 200-Day Moving Average is calculated to be 126.89%.
Shares Statistics:
It appears that RDDT traded 6.61M shares on average per day over the past three months and 7639450 shares per day over the past ten 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 2.15, compared to 1730332800 on 7752068.
