Reddit Inc. (NYSE: RDDT) is 9.08% 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 $54.36 in the last trading session, with the day’s gains setting it 0.66%.
Currently trading at $55.02, the stock is -4.14% and -11.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.2 million and changing 1.21% at the moment leaves the stock -2.15% off its SMA200.
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The stock witnessed a -19.24% in the last 1 month and extending the period to 3 months gives it a -10.13%, and is 0.92% up 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 4.07% over the week and 6.46% over the month.
Reddit Inc. (RDDT) has around 2013 employees, a market worth around $9.13B and $981.40M in sales. Profit margin for the company is -58.49%. Distance from 52-week low is 47.31% and -29.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.95%).
with sales reaching $309.34M over the same period.The EPS is expected to shrink by -202.34% this year.
Reddit Inc. (RDDT) Top Institutional Holders
205.0 institutions hold shares in Reddit Inc. (RDDT), with institutional investors hold 36.87% of the company’s shares. The shares outstanding are 165.88M, and float is at 64.99M with Short Float at 12.03%. Institutions hold 33.44% of the Float.
Reddit Inc. (RDDT) Insider Activity
Still, SEC filings show that on Aug 20 ’24, BENJAMIN LEE (Officer) Proposed Sale 45,807 shares at an average price of $54.36 for $2.49 million. The insider now directly holds shares of Reddit Inc. (RDDT).
