In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $204.95 in the prior trading day, Reddit Inc (NYSE: RDDT) closed at $196.38, down -4.18%. In other words, the price has decreased by -$4.18 from its previous closing price. On the day, 8.39 million shares were traded. RDDT stock price reached its highest trading level at $203.95 during the session, while it also had its lowest trading level at $192.5701.
Ratios:
Our goal is to gain a better understanding of RDDT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 159.28. For the most recent quarter (mrq), Quick Ratio is recorded 12.63 and its Current Ratio is at 12.63. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On January 22, 2025, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $116 to $195.
On December 20, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $210.Guggenheim initiated its Buy rating on December 20, 2024, with a $210 target price.
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 Jan 31 ’25 when Huffman Steve Ladd sold 14,000 shares for $201.96 per share. The transaction valued at 2,827,506 led to the insider holds 614,394 shares of the business.
Slowe Christopher Brian sold 11,000 shares of RDDT for $2,025,259 on Jan 22 ’25. The Chief Technology Officer now owns 311,381 shares after completing the transaction at $184.11 per share. On Jan 22 ’25, another insider, Slowe Christopher Brian, who serves as the Chief Technology Officer of the company, sold 5,000 shares for $184.15 each. As a result, the insider received 920,772 and left with 35,252 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 35525926912 and an Enterprise Value of 33711888384. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.44 while its Price-to-Book (P/B) ratio in mrq is 16.62. Its current Enterprise Value per Revenue stands at 25.928 whereas that against EBITDA is -61.865.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $230.41, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 8.54%, while the 200-Day Moving Average is calculated to be 96.47%.
Shares Statistics:
The stock has traded on average 6.06M shares per day over the past 3-months and 7579010 shares per day over the last 10 days, according to various share statistics. A total of 125.00M shares are outstanding, with a floating share count of 104.02M. Insiders hold about 40.62% of the company’s shares, while institutions hold 54.50% stake in the company. Shares short for RDDT as of 1738281600 were 18548028 with a Short Ratio of 2.74, compared to 1735603200 on 18252290.
