Reddit Inc. (NYSE: RDDT) is 39.65% higher on its value in year-to-date trading and has touched a low of $37.35 and a high of $78.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RDDT stock was last observed hovering at around $72.98 in the last trading session, with the day’s loss setting it -2.54%.
Currently trading at $70.44, the stock is 6.58% and 16.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.58 million and changing -3.48% at the moment leaves the stock 27.47% off its SMA200.
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The stock witnessed a 10.13% in the last 1 month and extending the period to 3 months gives it a 76.10%, and is -0.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.24% over the week and 7.00% over the month.
Reddit Inc. (RDDT) has around 2013 employees, a market worth around $11.52B and $883.25M in sales. Profit margin for the company is -68.50%. Distance from 52-week low is 88.59% and -9.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.54%).
The EPS is expected to shrink by -219.41% this year.
Reddit Inc. (RDDT) Top Institutional Holders
The shares outstanding are 44.29M, and float is at 30.51M with Short Float at 27.64%.
Reddit Inc. (RDDT) Insider Activity
The most recent transaction is an insider sale by Vollero Andrew,the company’sChief Financial Officer. SEC filings show that Vollero Andrew sold 50,580 shares of the company’s common stock on May 23 ’24 at a price of $58.94 per share for a total of $2.98 million. Following the sale, the insider now owns 0.63 million shares.
Reddit Inc. disclosed in a document filed with the SEC on May 23 ’24 that Huffman Steve Ladd (CEO & President) sold a total of 42,299 shares of the company’s common stock. The trade occurred on May 23 ’24 and was made at $58.94 per share for $2.49 million. Following the transaction, the insider now directly holds 0.69 million shares of the RDDT stock.
Still, SEC filings show that on May 23 ’24, Wong Jennifer L. (Chief Operating Officer) disposed off 40,139 shares at an average price of $58.94 for $2.37 million. The insider now directly holds 1,600,628 shares of Reddit Inc. (RDDT).
