Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Reddit Inc’s stock clocked out at $181.99, down -0.95% from its previous closing price of $183.74. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 3.56 million shares were traded. RDDT stock price reached its highest trading level at $187.64 during the session, while it also had its lowest trading level at $178.5.
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 18.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 305.40. 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 the company, ROTH MKM on January 22, 2025, Downgraded its rating to Neutral and sets its target price to $195 from $116 previously.
On December 20, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $210.
On December 11, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $206.Wells Fargo initiated its Overweight rating on December 11, 2024, with a $206 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 Jan 22 ’25 when SLOWE FAMILY TRUST bought 15,000 shares for $188.32 per share.
Wong Jennifer L. sold 33,334 shares of RDDT for $5,797,728 on Jan 16 ’25. The Chief Operating Officer now owns 1,504,297 shares after completing the transaction at $173.93 per share. On Jan 15 ’25, another insider, Huffman Steve Ladd, who serves as the CEO & President of the company, sold 110,408 shares for $172.75 each. As a result, the insider received 19,073,065 and left with 0 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 31953440768 and an Enterprise Value of 30235486208. For the stock, the TTM Price-to-Sale (P/S) ratio is 28.47 while its Price-to-Book (P/B) ratio in mrq is 16.03. Its current Enterprise Value per Revenue stands at 26.942 whereas that against EBITDA is -50.8.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $191.00, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 14.61%, while the 200-Day Moving Average is calculated to be 109.42%.
Shares Statistics:
It appears that RDDT traded 6.91M shares on average per day over the past three months and 4604650 shares per day over the past ten days. A total of 116.91M shares are outstanding, with a floating share count of 103.70M. Insiders hold about 40.94% of the company’s shares, while institutions hold 39.22% stake in the company. Shares short for RDDT as of 1735603200 were 18252290 with a Short Ratio of 2.64, compared to 1732838400 on 14220941.
Earnings Estimates
The current market rating for Reddit Inc (RDDT) reflects the collective analysis of 15 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.05, with high estimates of $0.04 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$2.73 and -$7.92 for the fiscal current year, implying an average EPS of -$4.45. EPS for the following year is $0.84, with 17.0 analysts recommending between $1.54 and $0.28.
Revenue Estimates
For the next quarter, 18 analysts are estimating revenue of $355.93M. There is a high estimate of $383.7M for the next quarter, whereas the lowest estimate is $328M.
Based on 19 analysts’ estimates, the company’s revenue will be $1.75B in the next fiscal year. The high estimate is $1.88B and the low estimate is $1.6B.
