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The price of Reddit Inc. (NYSE: RDDT) closed at $59.09 in the last session, down -0.91% from day before closing price of $59.63. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 3.72 million shares were traded. RDDT stock price reached its highest trading level at $60.25 during the session, while it also had its lowest trading level at $58.04.
Ratios:
We take a closer look at RDDT’s different ratios to gain a better understanding of the stock. 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.
On July 26, 2024, ROTH MKM reiterated its Buy rating and also lowered its target price recommendation from $61 to $67.
Loop Capital Downgraded its Buy to Hold on July 16, 2024, while the target price for the stock was maintained at $75.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 30 ’24 when Huffman Steve Ladd sold 6,714 shares for $59.84 per share. The transaction valued at 401,766 led to the insider holds 658,352 shares of the business.
Reynolds Michelle Marie sold 8,000 shares of RDDT for $480,000 on Aug 27 ’24. The Chief Accounting Officer now owns 66,238 shares after completing the transaction at $60.00 per share. On Aug 27 ’24, another insider, MICHELLE REYNOLDS, who serves as the Officer of the company, bought 8,000 shares for $58.26 each.
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 9801613312 and an Enterprise Value of 8130690048. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.99 while its Price-to-Book (P/B) ratio in mrq is 5.17. Its current Enterprise Value per Revenue stands at 8.285 whereas that against EBITDA is -13.065.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $78.08, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is -2.89%, while the 200-Day Moving Average is calculated to be 4.66%.
Shares Statistics:
According to the various share statistics, RDDT traded on average about 3.54M shares per day over the past 3-months and 3484850 shares per day over the past 10 days. A total of 165.88M shares are outstanding, with a floating share count of 74.43M. Insiders hold about 55.13% of the company’s shares, while institutions hold 18.09% stake in the company. Shares short for RDDT as of 1724976000 were 7111420 with a Short Ratio of 1.58, compared to 1722384000 on 7818365.
