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In the latest session, Reddit Inc (NYSE: RDDT) closed at $135.61 down -4.43% from its previous closing price of $141.90. In other words, the price has decreased by -$4.43 from its previous closing price. On the day, 7.66 million shares were traded. RDDT stock price reached its highest trading level at $144.81 during the session, while it also had its lowest trading level at $132.475.
Ratios:
For a deeper understanding of Reddit Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 227.57. 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 25 ’24 when ANDREW VOLLERO bought 19,838 shares for $146.67 per share.
Slowe Christopher Brian sold 21,000 shares of RDDT for $3,066,170 on Nov 22 ’24. The Chief Technology Officer now owns 297,925 shares after completing the transaction at $146.01 per share. On Nov 22 ’24, another insider, Slowe Christopher Brian, who serves as the Chief Technology Officer of the company, sold 5,000 shares for $146.00 each. As a result, the insider received 729,993 and left with 25,068 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 23810131968 and an Enterprise Value of 23196553216. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.22 while its Price-to-Book (P/B) ratio in mrq is 11.94. Its current Enterprise Value per Revenue stands at 20.67 whereas that against EBITDA is -38.973.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $158.49, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 42.44%, while the 200-Day Moving Average is calculated to be 100.45%.
Shares Statistics:
For the past three months, RDDT has traded an average of 5.86M shares per day and 7314080 over the past ten days. A total of 175.58M shares are outstanding, with a floating share count of 99.09M. Insiders hold about 43.57% of the company’s shares, while institutions hold 39.11% stake in the company. Shares short for RDDT as of 1730332800 were 7752068 with a Short Ratio of 1.32, compared to 1727654400 on 7114271.
