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The closing price of Reddit Inc (NYSE: RDDT) was $198.93 for the day, down -1.52% from the previous closing price of $202.00. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 4.16 million shares were traded. RDDT stock price reached its highest trading level at $208.62 during the session, while it also had its lowest trading level at $195.7.
Ratios:
Our analysis of RDDT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 333.82. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 22 ’25 when Slowe Christopher Brian sold 11,000 shares for $184.11 per share. The transaction valued at 2,025,259 led to the insider holds 311,381 shares of the business.
Slowe Christopher Brian sold 5,000 shares of RDDT for $920,772 on Jan 22 ’25. The Chief Technology Officer now owns 35,252 shares after completing the transaction at $184.15 per share. On Jan 22 ’25, another insider, SLOWE FAMILY TRUST , who serves as the Officer of the company, bought 15,000 shares for $188.32 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 34927730688 and an Enterprise Value of 33209782272. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.12 while its Price-to-Book (P/B) ratio in mrq is 17.52. Its current Enterprise Value per Revenue stands at 29.592 whereas that against EBITDA is -55.797.
Stock Price History:
Over the past 52 weeks, RDDT has reached a high of $205.57, while it has fallen to a 52-week low of $37.35. The 50-Day Moving Average of the stock is 20.67%, while the 200-Day Moving Average is calculated to be 119.58%.
Shares Statistics:
RDDT traded an average of 6.80M shares per day over the past three months and 4719270 shares per day over the past ten days. A total of 116.91M shares are outstanding, with a floating share count of 103.78M. Insiders hold about 40.89% of the company’s shares, while institutions hold 41.43% stake in the company. Shares short for RDDT as of 1736899200 were 18548028 with a Short Ratio of 2.73, compared to 1734048000 on 16180839.
