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After finishing at $81.36 in the prior trading day, Reddit Inc. (NYSE: RDDT) closed at $79.68, down -2.06%. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 6.56 million shares were traded. RDDT stock price reached its highest trading level at $82.53 during the session, while it also had its lowest trading level at $79.45.
Ratios:
Our goal is to gain a better understanding of RDDT by taking a closer 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.
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:
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 Oct 22 ’24 when Slowe Christopher Brian sold 11,000 shares for $77.46 per share. The transaction valued at 852,005 led to the insider holds 339,295 shares of the business.
Slowe Christopher Brian sold 5,000 shares of RDDT for $387,406 on Oct 22 ’24. The Chief Technology Officer now owns 30,068 shares after completing the transaction at $77.48 per share. On Oct 16 ’24, another insider, Wong Jennifer L., who serves as the Chief Operating Officer of the company, sold 33,334 shares for $76.27 each. As a result, the insider received 2,542,458 and left with 1,542,457 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 12619159552 and an Enterprise Value of 11546078208. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.47 while its Price-to-Book (P/B) ratio in mrq is 6.97. Its current Enterprise Value per Revenue stands at 11.765 whereas that against EBITDA is -18.554.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $81.72, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 20.78%, while the 200-Day Moving Average is calculated to be 34.09%.
Shares Statistics:
The stock has traded on average 4.17M shares per day over the past 3-months and 4240380 shares per day over the last 10 days, according to various share statistics. A total of 165.88M shares are outstanding, with a floating share count of 74.35M. Insiders hold about 55.18% of the company’s shares, while institutions hold 18.20% stake in the company. Shares short for RDDT as of 1728950400 were 7114271 with a Short Ratio of 1.73, compared to 1726185600 on 5229594.