Reddit Inc (NYSE:RDDT) currently has a daily average trading volume of 5.98M but it saw 6562636 shares traded in last market. With a market cap of 27.08B USD, the company’s current market price of $154.23 came rising about 2.94 while comparing to the previous closing price of $149.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $158.49 and as low as $37.35. In the recent trading on the day, stock has struck highest price mark of $150.63 while lowest mark touched by it was $157.75.
Taking a look at 20-day trading activity of Reddit Inc (RDDT) gives us an average price of $137.23, while its current price level is -2.69% below from 52-week high level whereas it is 312.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $103.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.95% during that period while stretching the period over a month that increases to 6.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.84 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which initiated the stock as “Buy” in its note to investors issued on October 09, 2024, recommending a price target of $90 for it. Loop Capital issued its recommendations for the stock as it upgraded the price target for the stock is $75.
Over the week, RDDT’s stock price is moving 13.73% up while it is 41.46% when we observe its performance for the past one month. Year-to-date it is 205.77% up and over the past year.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0.23 while estimate for next year EPS is -4.72. In next quarter, company is expected to be making quarterly sales of $347.17M as analysts are expecting the sales for current fiscal year at $1.27B and seeing the company making $1.66B in sales next year. Moreover, analysts are in estimates of $399.21M for current-quarter revenue.
Currently, Reddit Inc’s total number of outstanding shares is 116.91M. Company’s return on investment (ROI) stands at -26.85% and return on equity (ROE) at -31.80%. It has a 223.74 of forward P/E ratio. Stock has a price to book (P/B) ratio of 13.58 while price to sale or P/S ratio amounts to 24.13. Its return on asset (ROA) is -28.80% on average.
